PRS REIT (PRSR) has published a circular ahead of a liquidation vote planned for 5 January 2026.
The sale of the trust’s portfolio is expected to complete on 11 December 2025. That means that the estimated amount available for distribution will be close to the NAV per share of 114.9p.
If you are a shareholder and want to vote, proxies need to be in by 31 December (your platform may require a week or more notice of that).
If the liquidation is approved (it needs 75% of those voting to back it), the liquidators will be appointed and the first liquidation payment made about five business days later. About 1% of the NAV will be held back from the first payment. The balance, once the liquidators have had their cut (the estimated costs of the termination and the liquidation expenses are expected to be about £590k), is expected to come in March 2026.
“That means that the estimated amount available for distribution will be close to the NAV per share of 114.9p.” Isn’t the NAV about 142/143p? 114.9p is the share price.
Sadly, the board and shareholders settled on a bid that valued the assets at the lower number, so that’s the NAV now