Secure Income REIT PLC Dividend Declaration (0574A)
16 January 2020 - 10:54PM
UK Regulatory
TIDMSIR
RNS Number : 0574A
Secure Income REIT PLC
16 January 2020
16 January 2020
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.
Dividends will be payable on 21 February 2020 to shareholders on
the register on 24 January 2020. The ex-dividend date will be 23
January 2020.
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
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 30 June 2019, the Group's investment property portfolio
(adjusted for the sale of eight hospitals after the balance sheet
date) was valued at GBP2.1 billion, producing GBP111.1 million per
annum of rental income from long term leases with a weighted
average unexpired term to expiry of 21.5 years with no breaks. All
rental income is subject to fixed uplifts or RPI upwards only rent
reviews with 59% of rental income subject to RPI-linked reviews and
41% having fixed uplifts.
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 Partners
Limited, owned by the team which advised Max Property Group plc
until August 2014, when all of the assets of Max Property Group plc
were sold to Blackstone Group. Prestbury is owned and run by a team
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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Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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