Regional REIT Limited Dividend Declaration (3586P)
31 August 2017 - 4:01PM
UK Regulatory
TIDMRGL
RNS Number : 3586P
Regional REIT Limited
31 August 2017
31 August 2017
Regional REIT Limited
Second Quarter 2017 Dividend Declaration
Regional REIT Limited (LSE: RGL) ("Regional REIT", "the Group"
or "the Company"), the UK regional office and industrial property
focused REIT, today announces its dividend for the second quarter
of the year, to 30 June 2017.
The Company will pay a dividend of 1.80 pence per share ("pps")
for the period 1 April 2017 to 30 June 2017 (1 April 2016 to 30
June 2016: 1.75pps).
The dividend payment will be made on 13 October 2017 to
shareholders on the register as at 8 September 2017. The
ex-dividend date will be 7 September 2017.
It is currently the Company's intention to pay three quarterly
dividends at approximately this level in relation to the financial
year 2017, of which this is the second, and then a fourth quarter
dividend (to be declared in early 2018) to at least manage
compliance with the 90% minimum REIT distribution requirement.
The payment of dividends will remain subject to market
conditions, the Company's performance, its financial position and
the business outlook.
The Group confirms that its 2017 Interim Results Announcement
will take place on Thursday, 14 September, 2017, as previously
announced.
- ENDS -
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regulation that came into
effect on 3 July 2016.
Enquiries:
Regional REIT Limited
Press enquiries through Headland
Toscafund Asset Management Tel: +44 (0) 20 7845 6100
Investment Manager to the Group
James S Johnson, Investor Relations, Regional REIT Limited
London & Scottish Investments Tel: +44 (0) 141 248 4155
Asset Manager to the Group
Stephen Inglis
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 traded 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 2016, was
spread across 123 regional properties, 941 units and 717 tenants.
As at 31 December 2016, the investment portfolio had a value of
GBP502.4m and a net initial yield of 6.7%. The weighted average
unexpired lease term to first break was 3.6 years. On 24 March
2017, the Group announced the completion of the acquisition of c.
GBP129m of UK regional office, industrial and retail investment
properties.
The Company's shares were admitted to the Official List of the
UK's Financial Conduct Authority and 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
DIVZMGFRVGVGNZM
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