4
April 2024
SUPERMARKET INCOME REIT
PLC
(the
"Company")
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 January 2024 to 31 March 2024 of 1.515 pence per ordinary
share (the "Third Quarterly Dividend").
The Third Quarterly Dividend will be
paid on or around 16 May 2024 as a
Property Income Distribution ("PID") in respect of
the Company's tax-exempt property rental business to shareholders
on the register as of 12 April 2024. The ex-dividend date will be
11 April 2024.
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 Third
Quarterly Dividend.
All shareholders who are entitled to
receive the Third 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.
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FOR
FURTHER INFORMATION
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Atrato Capital Limited
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+44 (0)20 3790
8087
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Steve Noble / Rob Abraham
/ Chris McMahon
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ir@atratocapital.com
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Stifel Nicolaus Europe Limited
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+44 (0)20 7710
7600
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Mark Young / Matt Blawat / Rajpal
Padam
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Goldman Sachs International
Jimmy Bastock / Tom
Hartley
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+44 (0)20 7774 1000
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FTI
Consulting
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+44 (0)20 3727
1000
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Dido Laurimore / Eve Kirmatzis /
Andrew
Davis
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SupermarketIncomeREIT@fticonsulting.com
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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. 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.
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
LEI:
2138007FOINJKAM7L537
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.
