Schroder Eur Real Est Inv Trust PLC Dividend Declaration (1702G)
25 May 2017 - 4:02PM
UK Regulatory
TIDMSERE
RNS Number : 1702G
Schroder Eur Real Est Inv Trust PLC
25 May 2017
25 May 2017
SECOND INTERIM DIVIDEND
Schroder European Real Estate Investment Trust plc (the
"Company") announces its second interim dividend for the year ended
30 September 2017 of 1.2 euro cents per share. The dividend
represents an annualised rate of 3.5% 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's objective is to pay 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 7 July 2017 to
shareholders on the register on the record date of 23 June 2017. In
South Africa, the last day to trade will be 20 June 2017 and the
ex-dividend date will be 21 June 2017. In the UK, the last day to
trade will be 21 June 2017 and the ex-dividend date will be 22 June
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 13 June 2017. UK
shareholders are able to make an election to receive dividends in
euros. 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 23 June
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 26 June 2017.
Shares cannot be moved between the South African register and
the UK register between 13 June 2017 and 23 June 2017, both days
inclusive. Shares may not be dematerialised or rematerialised in
South Africa between 21 June 2017 and 23 June 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
20% 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 13 June
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
LEI number: 549300BHT1Z8NI4RLD52
This information is provided by RNS
The company news service from the London Stock Exchange
END
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