Ediston Property Inv Comp PLC Interim Dividend & Rent Collection Update (2358V)
06 August 2020 - 4:00PM
UK Regulatory
TIDMEPIC
RNS Number : 2358V
Ediston Property Inv Comp PLC
06 August 2020
06 August 2020
Ediston Property Investment Company plc
(LEI: 213800JRL87EGX9TUI28)
Announcement of Interim Dividend & Rent Collection
Update
Declaration of Interim Dividend
The Company declares its interim dividend (property income
distribution) payment in respect of the period from 1 July to 31
July 2020 of 0.3333 pence per share, as timetabled below:
Ex-Dividend 13 August 2020
Date:
Record Date: 14 August 2020
Pay Date: 28 August 2020
This monthly dividend of 0.3333 pence per share equates to an
annualised dividend level of 4.00 pence per share and is unchanged
from the previous dividend declared on 8 July.
Quarter 3 rent collection update
Rent collection for the quarter has progressed in line with
previous forecasts, with the monthly rent payers continuing to meet
commitments. As at 5 August 80.5% of the rent due by 1 August has
been collected. The Company will have collected 90.4% of rent due
for the quarter ending 30 September 2020 if the tenants who paid
monthly for July and August continue to make payments for
September. On this basis, the current dividend level would be 130%
covered by rent collected (less expenses) for quarter three and
potentially as high as 140%, after taking into account deferred
rent covered by payment plans.
End
Enquiries
Will Barnett * Investec Bank plc 0207 597 5873
Calum Bruce * Ediston Investment Services Limited 0131 225 5599
Ruth Wright * JTC 0203 893 1011
Ben Robinson * Kaso Legg Communications 0203 995 6672
Stephanie
Ross * Kaso Legg Communications 0203 995 6676
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END
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