Supermarket Income REIT PLC Dividend Declaration (1109F)
06 July 2023 - 4:00PM
UK Regulatory
TIDMSUPR
RNS Number : 1109F
Supermarket Income REIT PLC
06 July 2023
6 July 2023
SUPERMARKET INCOME REIT PLC
(the "Company")
LEI: 2138007FOINJKAM7L537
DIVIDEND DECLARATION
Supermarket Income REIT plc (LSE: SUPR), the real estate
investment trust providing secure, inflation-linked, long income
from grocery property in the UK, has today declared an interim
dividend in respect of the period from 1 April 2023 to 30 June 2023
of 1.5 pence per ordinary share (the "Fourth Quarterly
Dividend").
The Fourth Quarterly Dividend will be paid on or around 4 August
2023 and will comprise a Property Income Distribution ("PID") of
1.3789 pence per share in respect of the Company's tax-exempt
property rental business, and an ordinary dividend of 0.1211 pence
per share. The ex-dividend date will be 13 July 2023 with a record
date of 14 July 2023.
The Company has now declared four quarterly dividends totalling
6.0 pence per ordinary share for the financial year ended 30 June
2023, in line with the Company's full-year dividend target.
As the Company's ordinary shares are currently trading at a
discount to the published EPRA Net Tangible Assets per share, the
board of directors of the Company (the "Board") believes that it is
not in the best interests of shareholders to offer the scrip
dividend alternative, under which shareholders would have been able
to elect to receive new ordinary shares in lieu of the cash
dividend (the "Scrip Dividend Alternative"). The Board has
therefore exercised its discretion to suspend the Scrip Dividend
Alternative in respect of the Fourth Quarterly Dividend.
All shareholders who are entitled to receive the Fourth
Quarterly Dividend will therefore receive it in cash.
The Board will keep under consideration the offer of a scrip
dividend alternative in respect of future quarterly dividends.
In accordance with section 838 of the Companies Act 2006,
accounts have been prepared in order to support the payment of the
interim dividend to the ordinary shareholders of the Company.
FOR FURTHER INFORMATION
Atrato Capital Limited +44 (0)20 3790 8087
Steve Noble / Rob Abraham / Chris ir@atratocapital.com
McMahon
Stifel Nicolaus Europe Limited +44 (0)20 7710 7600
Mark Young / Matt Blawat / Rajpal
Padam
Goldman Sachs International
Jimmy Bastock / Tom Hartley +44 (0)20 7774 1000
FTI Consulting +44 (0)20 3727 1000
Dido Laurimore / Eve Kirmatzis / SupermarketIncomeREIT@fticonsulting.com
Andrew Davis
NOTES TO EDITORS:
Supermarket Income REIT plc (LSE: SUPR) is a real estate
investment trust dedicated to investing in grocery properties which
are an essential part of the UK's feed the nation infrastructure.
The Company focuses on grocery stores which are omnichannel,
fulfilling online and in-person sales. All of the Company's
supermarkets are let to leading UK supermarket operators,
diversified by both tenant and geography.
The Company provides investors with attractive, long-dated,
secure, inflation-linked, growing income with the potential for
capital appreciation over the longer term and targets a 7% to 10%
p.a. total shareholder return over the medium term (1) .
The Company is listed on the premium segment of the Official
List of the UK Financial Conduct Authority and its Ordinary Shares
are traded on the Main Market of the London Stock Exchange, having
listed initially on the Specialist Fund Segment of the Main Market
on 21 July 2017.
Atrato Capital Limited is the Company's Investment Adviser.
Further information is available on the Company's website
www.supermarketincomereit.com
1. There is no certainty that these illustrative projections will be achieved
Stifel Nicolaus Europe Limited, which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority,
is acting exclusively for Supermarket Income REIT plc and no one
else in connection with this announcement and will not be
responsible to anyone other than the Company for providing the
protections afforded to clients of Stifel Nicolaus Europe Limited
nor for providing advice in connection with the matters referred to
in this announcement.
Goldman Sachs International, which is authorised by the
Prudential Regulation Authority and regulated by the Financial
Conduct Authority and the Prudential Regulation Authority in the
United Kingdom, is acting exclusively for Supermarket Income REIT
plc and no one else in connection with this announcement and will
not be responsible to anyone other than the Company for providing
the protections afforded to clients of Goldman Sachs International
nor for providing advice in connection with the matters referred to
in this announcement.
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