Secure Income REIT PLC Dividend Declaration (6047U)
19 January 2017 - 8:22PM
UK Regulatory
TIDMSIR
RNS Number : 6047U
Secure Income REIT PLC
19 January 2017
19 January 2017
Secure Income REIT Plc
Dividend Declaration
The Board of Secure Income REIT Plc (the "Company"), the
specialist long term income REIT, is pleased to declare the payment
of a third interim dividend of 3.325 pence per Ordinary Share in
respect of the year to 31 December 2016.
The dividend will be paid on 24 February 2017 to shareholders on
the register on 27 January 2017. The ex-dividend date will be 26
January 2017. The dividend will be paid as a Property Income
Distribution in respect of the Company's tax exempt property rental
business.
For further information on the Company, please contact:
Secure Income REIT Plc +44 20 7647 7647
Sandy Gumm
Stifel Nicolaus Europe
Limited (Nominated Adviser) +44 20 7710 7600
David Arch
Tom Yeadon
FTI Consulting +44 20 3727 1000
Richard Sunderland
Claire Turvey
About Secure Income REIT
Secure Income REIT floated as a Real Estate Investment Trust on
the AIM segment of the London Stock Exchange in June 2014. Upon
Admission, shares were issued at 174p representing a market
capitalisation of GBP293 million, which has subsequently grown to
in excess of GBP710 million.
The Company specialises in generating long term, inflation
protected, secure income from real estate investments. Its
investment strategy is designed to satisfy investors' growing
requirements for high quality, safe, inflation protected income
flows.
Adjusting the 30 June 2016 interim results on a pro forma basis
for the acquisition of the Travelodge portfolio, the Company's
investment property portfolio was valued at approximately GBP1.57
billion, producing approximately GBP92.4 million per annum of
rental income from long term leases with a weighted average
unexpired term to expiry of over 23 years, one of the longest
income profiles in the quoted UK real estate sector. All rental
income is subject to fixed or RPI upwards only rent reviews.
The Company is advised by Prestbury Investments LLP which was
adviser to Max Property Group plc until August 2014, when Max
Property Group plc was sold to Blackstone Group. Prestbury
Investments LLP is a partnership of real estate and finance
professionals including Nick Leslau, Mike Brown, Tim Evans, Ben
Walford and Sandy Gumm.
The Company's preliminary results for the year ended 31 December
2016 are expected to be announced on 9 March 2017.
The Company's Board is chaired by Martin Moore and also
comprises three further independent Directors in Leslie Ferrar,
Jonathan Lane and Ian Marcus, as well as three members of the
Prestbury Team in Nick Leslau, Mike Brown and Sandy Gumm.
Dividend withholding tax deductions
Shareholders entitled to elect to receive distributions without
deduction for withholding tax should complete the declaration form
which is available in the Investor Centre of the Company's website,
www.SecureIncomeREIT.co.uk or by request to
enquiries@prestbury.co.uk or by writing to Secure Income REIT Plc,
Cavendish House, 18 Cavendish Square, London W1G 0PJ. Shareholders
who qualify for gross payments are, principally, UK resident
companies, certain UK public bodies, UK charities, UK pension
schemes and the managers of ISAs, PEPs and Child Trust Funds, in
each case subject to certain conditions. Individuals and non-UK
residents do not qualify for gross payments of distributions and
should not complete the declaration form.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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