Tritax Big Box REIT plc Dividend Declaration (8735G)
11 August 2016 - 4:01PM
UK Regulatory
TIDMBBOX
RNS Number : 8735G
Tritax Big Box REIT plc
11 August 2016
11 August 2016
TRITAX BIG BOX REIT PLC
(the "Company")
DIVIDEND DECLARATION AND DIVIDEND POLICY
The Board of Directors of Tritax Big Box REIT plc (ticker: BBOX)
has today declared an interim dividend in respect of the period
from 1 January 2016 to 30 June 2016 of 3.10 pence per ordinary
share, payable on or around 25 August 2016 to shareholders on the
register on 19 August 2016. The ex-dividend date will be 18 August
2016.
This interim dividend will be a Property Income Distribution
("PID").
The Company is targeting a fully covered aggregate dividend of
6.20 pence per ordinary share for the year ending 31 December
2016(1) .
The Board also announces its intention to increase the frequency
of dividend payments from semi-annually to quarterly with effect
from the financial year beginning 1 January 2017. This reflects
feedback from shareholders and recent market practice amongst the
Company's peer group of income focused real estate companies.
Note:
(1) The target dividend is a target only and not a forecast.
There can be no assurance that the target will be met and it should
not be taken as an indication of the Company's expected or actual
future results.
For further information, please contact:
Tritax Group via Newgate below
Colin Godfrey (Partner,
Fund Manager)
Newgate (PR Adviser) Tel: 020 7680 6550
James Benjamin Email: tritax@newgatecomms.com
Zoe Pocock
Alex Shilov
Lydia Thompson
Jefferies International Tel: 020 7029 8000
Limited
Gary Gould
Stuart Klein
Akur Limited Tel: 020 7493 3631
Anthony Richardson
Tom Frost
Siobhan Sergeant
NOTES:
Tritax Big Box REIT plc is the only listed vehicle to give pure
exposure to the "Big Box" logistics asset class in the UK and is
committed to delivering attractive and sustainable returns for
shareholders. Investing in and managing both standing and pre-let
forward funded development assets, the Company focuses on
well-located, modern "Big Box" logistics assets, typically greater
than 500,000 sq. ft., let to institutional-grade tenants on
long-term leases (typically at least 12 years in length) with
upward-only rent reviews and geographic and tenant diversification
throughout the UK. The Company seeks to exploit the significant
opportunity in this sub-sector of the UK logistics market owing to
strong tenant demand and limited stock supply.
The Company is a real estate investment trust to which Part 12
of the UK Corporation Tax Act 2010 applies ("REIT"), is listed on
the premium segment of the Official List of the UK Financial
Conduct Authority and is a constituent of the FTSE 250, FTSE
EPRA/NAREIT and MSCI indices.
Further information on Tritax Big Box REIT is available at
www.tritaxbigbox.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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