Picton Property Income Limited Annual Report 2022

Strategic Report

Financial Statements

Additional Information

Governance

2022

October

December

January

March

– Review of quarterly

– Review of portfolio and financial forecasts – Market update from the Company’s brokers – Report from the Company Secretary

– Review of quarterly management accounts – Review of portfolio activity

– Review of portfolio and financial forecasts – Market update from the Company’s brokers – Report from the Company Secretary

management accounts – Review of portfolio activity – Health and Safety matters across the portfolio – Review of the external auditor

– The quarterly dividend for the July to September 2021 period at the rate of 0.85 pence per share – Acceptance of the recommendation from the Property Valuation Committee in respect of reappointments to the various Committees – Acceptance of the recommendation from the Nomination Committee in respect of the 30 September 2021 independent valuation – The updated ESG Policy – The acquisition of Mill Place Gloucester

– The Half Year Report to 30 September 2021 and the Stock Exchange announcement of the results – Capital expenditure at 180 West George Street Glasgow

– The quarterly dividend for the October to December 2021 period, increasing the rate to 0.875 pence per share – Acceptance of the recommendation from the Property Valuation Committee in respect of the 31 December 2021 independent valuation

– The acquisition of Charlotte Terrace London – The additional loan facility to be provided by Canada Life, and amendment to the terms of the existing facility – The proposed net zero carbon pathway, with a target date of 2040 – The annual approval of policies

– Options for increasing the Group’s loan facilities – Consideration of resource within the team – Making the Better Buildings Partnership Climate Change Commitment once the net zero pathway has been completed – Arrangements for the forthcoming Annual General Meeting

– Progress on the development of the carbon net zero pathway – Feedback from the Annual General Meeting, and in particular the communications received from shareholders in respect of the Remuneration report – A presentation on property technology and how this could be of relevance to Picton – Consideration of corporate transaction proposal and offer letter

– The results of the Board Evaluation and actions arising – Review of feedback received on corporate proposal

– Reviewed the feedback from the latest employee engagement survey, and considered actions arising

 Picton Property Income Limited  Annual Report 2022

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