Secure Income REIT PLC Dividend Declaration (6243G)
25 July 2019 - 4:02PM
UK Regulatory
TIDMSIR
RNS Number : 6243G
Secure Income REIT PLC
25 July 2019
25 July 2019
Secure Income REIT Plc
(the "Company")
Quarterly Dividend Declaration
The Board of Secure Income REIT Plc (AIM: SIR), the specialist
long term income REIT, today declares an interim dividend in
respect of the year ending 31 December 2019 at a rate of 4.2 pence
per share, an increase of 6.8% over the previous quarter.
Dividends will be payable on 30 August 2019 to shareholders on
the register on 2 August 2019. The ex-dividend date will be 1
August 2019.
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 enquiries@SecureIncomeREIT.co.uk
Stifel Nicolaus Europe Limited
(Nominated Adviser) +44 20 7710 7600
Stewart Wallace stifelsecureincomereit@stifel.com
Tom Yeadon
FTI Consulting
(PR Adviser) +44 20 3727 1000
Dido Laurimore SecureIncomeREIT@fticonsulting.com
Claire Turvey
Eve Kirmatzis
About Secure Income REIT Plc
Secure Income REIT 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.
At 31 December 2018, the Group's investment property portfolio
was valued at GBP2.3 billion, producing GBP125 million per annum of
rental income from long term leases with a weighted average
unexpired term to expiry of 20.9 years with no breaks. All rental
income is subject to fixed uplifts or RPI upwards only rent
reviews. The Group's portfolio comprises key operating assets let
to strong businesses in defensive sectors with high barriers to
entry. The RPI-linked rent reviews and fixed rental uplifts combine
with fixed cost debt to drive healthy dividend growth, creating
attractive and predictable returns.
The Company is advised by Prestbury Investments LLP which was
adviser to Max Property Group plc until August 2014, when all of
the assets of Max Property Group plc were 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 Board is chaired by Martin Moore together with
three further independent Directors: Leslie Ferrar, Jonathan Lane
and Ian Marcus, as well as three members of the Prestbury Team:
Nick Leslau, Mike Brown and Sandy Gumm.
The Company is a UK REIT which floated on the AIM market of the
London Stock Exchange in June 2014.
The Company's LEI is 213800M1VI451RU17H40
Further information on Secure Income REIT is available at
www.SecureIncomeREIT.co.uk.
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@SecureIncomeREIT.co.uk or by writing to the Company
Secretary, 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 news service of the
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DIVPGUQWMUPBGAC
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