Palace Capital PLC Dividend Declaration (5097F)
10 March 2020 - 6:00PM
UK Regulatory
TIDMPCA
RNS Number : 5097F
Palace Capital PLC
10 March 2020
10 March 2020
Palace Capital PLC
("Palace Capital" or the "Company")
Dividend Declaration
Palace Capital (LSE: PCA), the UK REIT that has a diversified
portfolio of UK regional commercial real estate in carefully
selected locations outside of London, is pleased to announce that
it will pay a quarterly dividend, in respect of the three months
ended 31 December 2019, of 4.75 pence per ordinary share on 9 April
2020 to shareholders on the register as at 20 March 2020. The
dividend payment will comprise a Property Income Distribution (PID)
of 2.50 pence, with 2.25 pence paid as an ordinary dividend
(Non-PID).
For further information, contact:
Broker
Numis Securities
Heraclis Economides / George Fry
Tel: +44 (0)20 7260 1000
Broker
Arden Partners plc
Corporate Finance: Paul Shackleton / Ciaran Walsh / Daniel
Gee-Summons
Corporate Broking: James Reed-Daunter
Tel: +44 (0)207 614 5900
FTI Consulting (Financial PR)
Claire Turvey / Methuselah Tanyanyiwa
palacecapital@fticonsulting.com
Tel. +44 (0)20 7271000
About Palace Capital plc ( www.palacecapitalplc.com ):
Palace Capital plc (LSE: PCA) is a Main Market listed property
investment company that has a c. GBP280 million diversified
portfolio of UK regional commercial property. The Company maintains
a disciplined investment strategy focused on towns and cities
outside of London that are characterised by thriving local
economies and strengthening fundamentals. Within those locations,
the highly experienced management team selects assets that provide
opportunity to drive both capital value and long-term rental income
through tailored active asset management programmes, ultimately
delivering attractive shareholder returns.
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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