Aberdeen Standard Eur Lgstc Inc PLC Second Interim Dividend (5071L)
06 September 2019 - 7:47PM
UK Regulatory
TIDMASLI
RNS Number : 5071L
Aberdeen Standard Eur Lgstc Inc PLC
06 September 2019
Aberdeen Standard European Logistics Income PLC (LSE: ASLI) (the
"Company")
LEI: 213800I9IYIKKNRT3G50
6 September 2019
Declaration of Second Interim Dividend
The Directors have today declared a second interim dividend of
1.41 euro cents (equivalent to 1.27 pence) per Ordinary share, in
respect of the year ending 31 December 2019. This second interim
dividend will be paid in sterling on 7 October 2019 to Ordinary
shareholders on the register on 20 September 2019 (ex-dividend date
of 19 September 2019).
As indicated in the Prospectus dated 5 July 2019, the Company is
targeting a distribution level of 5% for an investor at launch in
Euro terms. The Company's stated policy at launch was to engage,
where appropriate, in currency hedging to seek to mitigate the
potential volatility of income returns from the portfolio in
sterling terms and to provide greater certainty as to the level of
sterling distributions; but it does not seek to provide a long-term
hedge for the Company's income returns, which will continue to be
affected by movements in the euro/sterling exchange rate over the
longer term, nor does it seek to undertake currency hedging in
respect of the capital value of the portfolio. The Company has
entered into an FX hedge to fix the exchange rate at which the euro
distributions for the year ending 31 December 2019 will be
converted to sterling to effect payments at a rate of
EUR1:GBP0.8985.
The Company intends to declare quarterly interim dividends to
Shareholders, with dividends declared in respect of the quarters
ending on the following dates: 31 March, 30 June, 30 September and
31 December in each year.
Any such dividend payment to Shareholders may take the form of
either dividend income or "qualifying interest income" which may be
designated as an interest distribution for UK tax purposes and
therefore subject to the interest streaming regime applicable to
investments trusts.
Of this second interim dividend declared of 1.27 pence per
Ordinary share, 1.19 pence is declared as dividend income with 0.08
pence treated as qualifying interest income.
Details of the Company may be found on the Company's website at:
www.eurologisticsincome.co.uk
For further information:
Aberdeen Standard Fund Managers Limited
0207 463 6000
William Hemmings
Gary Jones
Luke Mason
Investec Bank plc
0207 597 4000
Sales
Will Barnett
Neil Brierley
Alice Johnson
Dominic Waters
Corporate
David Yovichic
Denis Flanagan
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END
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