Ediston Property Inv Comp PLC Interim Dividend & Rent Collection Update (4204B)
08 October 2020 - 5:00PM
UK Regulatory
TIDMEPIC
RNS Number : 4204B
Ediston Property Inv Comp PLC
08 October 2020
08 October 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 September
2020 to 30 September 2020 of 0.3333 pence per share, as timetabled
below:
Ex-Dividend 15 October
Date:
Record Date: 16 October
Pay Date: 30 October
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 3 September.
Rent collection update
Quarter 3 rent collection
91% of the rent due for the quarter has been collected at the
date of this announcement, which is in line with previous
forecasts. The current dividend level is 133 % covered by rent
collected (less expenses) for quarter three.
Quarter 4 rent collection
As at 7 October , 87 % of the rent due by 1 October has been
collected across the portfolio. This compares to 69% paid at the
same point in quarter 2 and 74% in quarter 3. If the tenants who
paid their rent monthly in October continue to do so for November
and December, it is projected that the Company will collect 93 % of
the rent due for quarter 4, rising to 95 % once rent deferment and
repayment plans are factored in.
The Company will publish its net asset value as at 30 September
2020 later this month and expects to provide a full trading update
at that time.
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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