Regional REIT Limited Q2 2016 Dividend Announcement/Interim Results Date (6212I)
01 September 2016 - 4:00PM
UK Regulatory
TIDMRGL
RNS Number : 6212I
Regional REIT Limited
01 September 2016
1 September 2016
Regional REIT Limited
Q2 2016 Dividend Announcement and Interim Results Date
Regional REIT Limited (LSE: RGL) ("Regional REIT", "the Group"
or "the Company") today announces that it will pay a dividend of
1.75 pence per share for the period 1 April 2016 to 30 June 2016.
The dividend payment will be made on 7 October 2016 to shareholders
on the register as at 9 September 2016. The ex-dividend date will
be 8 September 2016.
It remains the Company's intention to pay three quarterly
dividends, of which this is the second, at approximately this level
in relation to the financial year 2016 and then a fourth quarter
dividend to at least manage compliance with the 90% minimum REIT
distribution requirement. Subject to this the payment of dividends
will reflect market conditions, the Group's performance, its
financial position and the business outlook.
The Group will announce its Interim results for the six-months
ended 30 June 2016 on 20 September 2016.
- ENDS -
Enquiries:
Regional REIT Limited
Press enquiries through Headland
London & Scottish Investments Tel: +44 (0) 141 248 4155
Asset Manager to the Group
Stephen Inglis
Toscafund Asset Management Tel: +44 (0) 20 7845 6100
Investment Manager to the Group
James S Johnson, Investor Relations, Regional REIT Limited
Headland Tel: +44 (0) 20 7367 5222
Financial PR
Francesca Tuckett
About Regional REIT
Regional REIT Limited (LSE: RGL) is a London Stock Exchange Main
Market listed specialist real estate investment trust focused on
office and industrial property interests in the principal regional
locations of the United Kingdom outside of the M25 motorway.
Regional REIT is managed by London & Scottish Investments,
the Asset Manager, and Toscafund Asset Management, the Investment
Manager, and was formed by the combination of two existing funds
previously created by the Managers as a differentiated play on the
expected recovery in UK regional property, to deliver an attractive
total return to shareholders and with a strong focus on income.
The Group's investment portfolio, as at 31 December 2015, was
spread across more than 120 regional properties, in excess of 710
units and over 530 tenants. As at 31 December 2015, the investment
portfolio had a value of GBP403.7m and a net initial yield of 7.6%.
The weighted average unexpired lease term was approximately six
years.
The Company's shares joined the Official List of the UK's
Financial Conduct Authority and were admitted to trading on the
London Stock Exchange on 6 November 2015. For more information,
please visit the Group's website at www.regionalreit.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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