TIDMSIR

RNS Number : 0862Z

Secure Income REIT PLC

20 January 2022

20 January 2022

Secure Income REIT Plc (AIM:SIR)

(the "Company")

Quarterly dividend rate maintained and 100% of rent collected

The Board of Secure Income REIT Plc, the specialist long term income REIT, today declares an interim quarterly dividend of 3.95 pence per share in respect of the year ended 31 December 2021.

The Company also reports collection of 100% of rents due following the end of the rent collection cycle for the December quarterly rents (GBP27.4 million), monthly payments due from November 2021 to January 2022 (GBP4.8 million) and the collection of rental uplifts arising from the Travelodge portfolio that were deferred through the CVA period (GBP0.8 million) which fell due in January. Arrears relating to prior periods amount to less than 0.04% of the rent roll.

Dividends will be payable on 4 March 2022 to shareholders on the register on 28 January 2022 and the ex-dividend date will be 27 January 2022. 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 
 Nick Leslau               Enquiries@SecureIncomeREIT.co.uk 
 Mike Brown 
 Sandy Gumm 
 
 
 
 Stifel Nicolaus Europe 
  Limited 
  (Nominated Adviser)        +44 20 7710 7600 
 Stewart Wallace           StifelSecureIncomereit@Stifel.com 
 
 
 
 
 
   FTI Consulting            +44 20 3727 1000 
   (PR Adviser)              SecureIncomeREIT@fticonsulting.com 
   Dido Laurimore 
   Claire Turvey 
   Eve Kirmatzis

About Secure Income REIT Plc:

Secure Income REIT Plc ("SIR") is a diversified UK REIT, investing in institutional real estate assets that provide long term rental income with upwards only inflation protection.

The Company's robust balance sheet, strong liquidity and experienced Management Team enabled it to pay quarterly dividends throughout the pandemic without interruption and, over seven years since listing, delivered a Total Accounting Return of 15.0% p.a. and a Total Shareholder Return of 15.6% p.a..

The Company, as at 30 June 2021, has GBP2.0 billion of gross property assets, GBP1.3 billion of net assets, GBP184 million of uncommitted and unfettered cash, structurally secure non-recourse debt, and difficult to replicate very long leases on Key Operating Assets in defensive sectors. The Management Team is strongly aligned with shareholders through its 12.4% interest in the business.

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 plc 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 . Alternatively, the form may be requested by email 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.

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END

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January 20, 2022 03:45 ET (08:45 GMT)

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