Schroder Eur Real Est Inv Trust PLC Dividend Declaration (7717R)
14 December 2016 - 6:21PM
UK Regulatory
TIDMSERE
RNS Number : 7717R
Schroder Eur Real Est Inv Trust PLC
14 December 2016
14 December 2016
SECOND INTERIM DIVIDEND
Schroder European Real Estate Investment Trust plc (the
"Company") announces its second interim dividend for the year ended
30 September 2016 of 0.9 euro cents per share. The dividend
represents an annualised rate of 2.6% based on the euro equivalent
of the issue price as at admission.
The dividend is fully covered from contractual income receivable
from the current portfolio. Once fully invested, including the debt
being drawn, the Company will target an annualised euro dividend
yield of 5.5%, based on the euro equivalent of the issue price as
at admission.
The interim dividend payment will be made on 27 January 2017 to
shareholders on the register on the record date of 13 January 2017.
In South Africa, the last day to trade will be 10 January 2017 and
the ex-dividend date will be 11 January 2017. In the UK, the last
day to trade will be 11 January 2017 and the ex-dividend date will
be 12 January 2017.
The interim dividend will be paid in GBP to shareholders on the
UK register and Rand to shareholders on the South African register.
The exchange rate for determining the interim dividend paid in Rand
will be confirmed by way of an announcement on 3 January 2017. UK
shareholders are able to make an election to receive dividends in
Euro. The form for applying for such election can be obtained from
the Company's UK registrars (Equiniti Limited) and any such
election must be received by the Company no later than 13 January
2017. The exchange rate for determining the interim dividend paid
in GBP will be confirmed following the election cut off date by way
of an announcement on 16 January 2017.
Shares cannot be moved between the South African register and
the UK register between 3 January 2017 and 13 January 2017, both
days inclusive. Shares may not be dematerialised or rematerialised
in South Africa between 11 January 2017 and 13 January 2017, both
days inclusive.
The Company has a total of 133,734,686 shares in issue on the
date of this announcement. The dividend will be distributed by the
Company (UK tax registration number 21696 04839) and is regarded as
a foreign dividend for shareholders on the South African register.
In respect of South African shareholders, dividend tax will be
withheld from the amount of the dividend noted above at the rate of
15% unless the shareholder qualifies for the exemption. Further
dividend tax information for South African shareholders will be
included in the exchange rate announcement to be made on 3 January
2017.
Enquiries:
Duncan Owen/Tony Smedley
Schroder Real Estate Investment Management Limited Tel: 020 7658 6000
Ria Vavakis
Schroder Investment Management Limited Tel: 020 7658 2371
Dido Laurimore Tel: 020 3727 1000
FTI Consulting
This information is provided by RNS
The company news service from the London Stock Exchange
END
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