Impact Healthcare REIT PLC Dividend Declaration (1820V)
01 November 2017 - 6:00PM
UK Regulatory
TIDMIHR
RNS Number : 1820V
Impact Healthcare REIT PLC
01 November 2017
1 November 2017
Impact Healthcare REIT plc
(the "Company")
DIVIDEND DECLARATION
The Board of Directors (the "Board") of Impact Healthcare REIT
plc (ticker: IHR) has declared a dividend of 1.50 pence per
ordinary share for the period from 1 July 2017 to 30 September
2017. This dividend will be a Property Income Distribution
("PID").
The dividend will be payable on 30 November 2017 to shareholders
on the register on 17 November 2017. The ex-dividend date will be
16 November 2017.
The Company is targeting an aggregate dividend of 6.0 pence per
share for the first 12 months from Admission which equates to a
yield of 6 per cent. per annum on the Initial Public Offering
("IPO") Issue Price, payable in quarterly instalments(1) .
FOR FURTHER INFORMATION, PLEASE CONTACT:
Impact Health Partners via Newgate Communications
LLP
Mahesh Patel
Andrew Cowley
Winterflood Securities Tel: 020 3100 0000
Limited
Joe Winkley
Neil Langford
Newgate Communications Tel: 020 7680 6550
(PR Adviser) Email: impact@newgatecomms.com
James Benjamin
Anna Geffert
Lydia Thompson
Further information on Impact Healthcare REIT is available at
www.impactreit.uk.
NOTES:
The Company is a real estate investment trust ("REIT") which
aims to provide shareholders with an attractive return, principally
in the form of quarterly income distributions and with the
potential for capital and income growth, through exposure to a
diversified portfolio of healthcare real estate opportunities, in
particular residential care homes. The Company's investment policy
is to acquire, renovate, extend and redevelop high quality
healthcare real estate assets in the UK and lease those assets
primarily to healthcare operators providing residential healthcare
services under full repairing and insuring leases.
The Company is targeting an aggregate dividend of 6.0p per share
for the first 12 months from Admission which equates to a yield of
6 per cent. per annum on the IPO Issue Price, payable in quarterly
instalments(1) . A fully covered dividend of 1.50p per share for
the period from 7 March 2017 to 30 June 2017 was paid on 31 August
2017.
The Company's property portfolio comprises 57 residential care
homes (2,527 beds), with leases of 20 years (with no tenant break
right), subject to annual upward only, Retail Price Index-linked
rent reviews (with a floor and cap at 2% p.a. and 4% p.a.,
respectively). The portfolio has an annualised rent roll of GBP11.6
million.
The Company and its Investment Adviser believe that residential
healthcare is a significant investment opportunity in the UK, owing
to both increasing demand for various forms of care from a growing
and ageing population and the current reduction in the supply of
suitable assets for providing that care. A well-capitalised
landlord like the Company, with an experienced investment adviser,
should be well positioned to deliver attractive returns to
investors, while also providing stability and a commitment to
enhance homes wherever possible to their residents.
The Company's IPO in March 2017 raised gross proceeds of GBP160
million. The Company's Ordinary Shares were admitted to trading on
the main market of the London Stock Exchange, in the Specialist
Fund Segment on 7 March 2017.
(1) This is a target only and not a profit forecast and there
can be no assurance that it will be met and it should not be taken
as an indication of the Company's actual or expected future
results.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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