Ground Rents Income Fund PLC

Ground Rents Income Fund PLC is a closed-ended real estate investment trust listed on The International Stock Exchange and traded on the SETSqx platform of the London Stock Exchange. Schroder Real Estate Investment Management Limited was appointed as the Company's Alternative Investment Fund Manager in May 2019 to support the Board with challenges related to building safety and leasehold reform. In 2023, the Board and Manager conducted a shareholder consultation on proposals to change the Continuation Vote mechanism in the Articles from 2012 and the Investment Policy, resulting in a new Continuation Resolution and Investment Policy. The new Investment Policy focuses on realising Company assets in a controlled, orderly, and timely manner while maintaining residential asset management that is fair, transparent, and affordable for leaseholders. In November 2023, the previous Government published a consultation on restricting existing residential ground rents without compensation to freeholders, leading the independent valuer Savills, along with other valuers and the Royal Institution of Chartered Surveyors, to adopt a Material Valuation Uncertainty Clause across the residential ground rent market. The Company was incorporated in 2012 in the United Kingdom.