Title: URL Source: https://doc.morningstar.com/document/7ccb4764b7553af8d9afed31d5ca13cc.msdoc/?clientid=ajbell&key=805803a4ca9fc338 Markdown Content: KEY INFORMATION DOCUMENT PURPOSE This document provides you with key information about Triple Point Social Housing REIT plc (the “ Company ”). It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products . PRODUCT Product: Triple Point Social Housing REIT plc Name of Manufacturer : Triple Point Investment Management LLP (“ Triple Point ”) ISIN: GB00BF0P7H59 Website : www.triplepoint.co.uk Call: +44 (0)20 7201 8989 Date of production of this document: 8 March 20 24 Triple Point is authorised and regulated by the Financial Conduct Authority (the “ FCA ”) no. 456597 YOU ARE ABOUT TO PURCHASE A PRODUCT THAT IS NOT SIMPLE AND MAY BE DIFFICULT TO UNDERSTAND. WHAT IS THIS PRODUCT? Type Ordinary Shares in a UK public limited company, Triple Point Social Housing REIT plc, which is a Real Estate Investment Trust (“ REIT ”) investing in UK Social Housing assets . The Company is a REIT for the purposes of Part 12 of the Corporation Tax Act 2010. The Company is also classed as an alternative investment fund and is therefore managed by Triple Point . The Company has an indefinite life and as such there is no maturity date. Objectives and Summary Investment Policy The Company’s investment objective is to provide shareholders with stable, long term, inflation -linked income from a portfolio of Social Housing assets in the United Kingdom. The portfolio will comprise investments into operating assets and the forward fun ding of pre -let development assets, the mix of which will be optimised to enable the Company to generate an attractive risk -adjusted total return for shareholders. In order to achieve its investment objective, the Company will invest in a diversified portf olio of freehold or long leasehold Social Housing assets in the UK. The Company will seek to use gearing to enhance equity returns and is permitted to reach a maximum loan -to -gross assets ratio of up to 50% across the portfolio calculated at the time of ac quisition. The return to investors is dependent on the performance of the share price and the dividends/distributions paid by the Company which is largely determined by the performance of the underlying investments. Intended retail investor This Product is intended for institutional investors, professionally -advised private investors or non -advised private investors who understand and are capable of evaluating the risks of such investment and who have sufficient resources to be able to bear any losses (which may equal th e whole amount invested) that may result from such an investment . The Company’s suitability for investors will depend on their own requirements and attitude to risk. Investors should understa nd the risks before investing (please see the Risk Factors in the Prospectus available on the Company’s website: https://triplepointreit.com ). WHAT ARE THE RISKS AND WHAT COULD I GET IN RETURN? > The risk indicator assumes you keep the product 5+ years. > The actual risk can vary significantly if you cash in at an > early stage and you may get back less. You may not be > able to sell your product easily or you may have to sell at > a price that significantly impacts how much you get back. # ! LOWER RISK The summary risk indicator is a guide to the level of risk of the Product compared to other products. It shows how likely it is that the Product will lose money because of movements in the market or because we are not able to pay you. We have classified th is Product as 4 out of 7, which is a medium risk class. This rates the potential losses from future performance at a medium level, and poor market conditions will likely impact our capacity to pay you. This Product does not include any protection from future market performance, so you could lose some or all of your investment . If we are not able to pay what is owed, you could lose your entire investment. PERFORMANCE INFORMATION Potential investors should visit the Company’s website, read the Company’s most recent annual and interim reports and follow the regulatory news announcements. These provide a range of information about the Company’s portfolio, its performance and also an overview of th e principal risks and uncertainties for the Company. What could affect my return positively? Factors most likely to affect returns positively would be an improvement in the UK economic environment , a reduction in the rate of inflation, energy stability and lower energy costs, lower interest rates , political stability and regulation and policy stability . What could affect my return negatively? Factors most likely to affect returns negatively are significant changes to the Social Housing regulatory regime and/or gover nment policy regarding social housing and housing benefits, non -payment of voids cover by care providers , default of one or more Approved Provider lessees, the continued deterioration of the UK economic environment, rising inflation and energy costs and higher than projected levels of inflation . WHAT HAPPENS IF T RIPLE POINT IS UNABLE TO PAY OUT? This investment is not covered by the Financial Services Compensation Scheme (“ FSCS ”). As a shareholder you will be able to buy and sell shares via a market but would not be able to make a claim to the FSCS in the event that you have a claim against the Company or Triple Poi nt and they are unable to pay out. WHAT ARE THE COSTS? The tables below seek to illustrate the potential cost of the investments. The figures are estimates and may change in the f uture. The person advising you about this product may charge you other fees or costs. If so, this person will provide you with info rmation about these costs and show you the impact that all costs will have on your investments over time. The Costs over time table sets out the Reduction in Yield (RIY) figure which shows what impact the total costs you pay will have on the investment return you might get and cover three different holding periods. The total costs take into account the one -off, ongoing and incidental costs. The Composition of costs table breaks down the charges , and has been based on the Company’s ongoing charge ratio calculated as at 3 1 December 202 3. In this case there is no entry charge but an ongoing cost which covers the operational costs of the Company. There are no potential early exit penalties. Cost over time Assumed investment of £10,000 If you cash in If you cash in after year 1 after year 3 If you cash in at the end of the recommended minimum holding period Composition of costs One off costs Entry charge * 0. 0 Exit charge 0.0 % Ongoing costs Portfolio transaction costs ** 0. 0% Total costs £163 £481.07 £788.86 Impact on return (RIY) per year % 1. 63% 2.11 % 2. 70 % Other ongoing costs *** 1. 63% Incidental costs Performance fees 0.0 % > *Stamp taxes may apply to secondary purchases of > shares on the market. > **The impact of the costs of buying and selling > underlying investments for the Product > ***The Company has operating costs that will reduce > the performance of your investment each year. HOW LONG SHOULD I HOLD THE INVESTMENT AND CAN I TAKE MONEY OUT EARLY? Recommended holding period: 5 years The Company may sell assets from time to time but overall intends to hold the Social Housing assets in the portfolio over the long term. As Social Housing assets are expected to be relatively illiquid, such illiquidity may affect the Company’s ability to dispose of or liquidate t he portfolio in a timely fashion. In addition, to the extent that market conditions are not favourable or deteriorate, the Company may not be able to realise the Social Housing assets from the portfolio at satisfactory prices. Therefore, in order to align themselves with the intentions of the Company, investors should view an investment in the Company as a long -term inv estment. There is no automatic right to cash in or redeem shares. Considering the above, and as the Company has no finite life, investors seeking liquidity should consider selling their share s on the LSE. As with all trading, sales of shares by investors will be subject to demand for the Company’s shares. The Company’s s hares trade continuously on the LSE and the Company is not bound by any prescribed redemption or sale restrictions. The sale of shares may be at a discount to net asset value. HOW CAN I COMPLAIN? Triple Point has a complaints procedure in place which requires the firm to deal fairly with any complaint received. If an investor has a complaint, they should write to the Triple Point Compliance Officer at 1 King William Street, London, EC4N 7AF, who will acknowledge receipt of your letter, investigate the circumstances and report back to you. OTHER RELEVANT INFORMATION? For a detailed overview of risks and the terms and conditions associated with an investment into the Company, please refer to the Prospectus available on the Company’s website: https://triplepointreit.com .