SWEF: Special Dividend Declaration (1589415)
23 March 2023 - 9:33PM
UK Regulatory
Starwood European Real Estate Finance Ltd (SWEF) SWEF: Special
Dividend Declaration 23-March-2023 / 10:33 GMT/BST
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Starwood European Real Estate Finance Limited
Special Dividend Declaration
Additional Special Dividend of 2.0 Pence Per Share for 2022
Earnings Period
Total Distribution of 7.5 Pence Per Share for 2022
Starwood European Real Estate Finance Limited and its
subsidiaries (the "Company"), a leading investor originating,
executing and managing a diverse portfolio of high-quality real
estate debt in the UK and Europe, is pleased to declare a special
dividend of 2.0 pence per share in respect of the year ending 31
December 2022.
The Board has decided to declare this special dividend in view
of the Company's strong portfolio performance and high cash
generation leading to earnings that exceeded the Company's dividend
target for the year of 5.5 pence per share. As such the Company now
intends for the distribution to shareholders for the 2022 earnings
period to total 7.5 pence per share in total (of which 5.5 pence
per share has already been paid).
The special dividend of 2.0 pence per share is payable on 21
April 2023 to ordinary shareholders on the register at 31 March
2023.
The Board reiterates that the Company's current dividend target
for 2023 remains 5.5 pence per share (this is a target only and
does not constitute a profit forecast), and due to the Company's
strong performance, the Board already anticipates that the dividend
for 2023 will be fully covered by income.
John Whittle, Chairman of the Company said:
"We are pleased to announce today's special dividend which is a
clear testament to the success of the Company's portfolio in
generating high levels of income whilst preserving capital.
Furthermore, the current market conditions continue to represent
a compelling environment for the portfolio to the extent that we
are comfortable to declare that the 5.5 pence per share target
distribution for 2023 is anticipated to be fully covered by
portfolio income."
For further information, please contact:
Apex Fund and Corporate Services (Guernsey) Limited as Company
Secretary +44 203 5303 630
Duke Le Prevost
Starwood Capital +44 (0) 20 7016 3655
Duncan MacPherson
Jefferies International Limited +44 (0) 20 7029 8000
Gaudi Le Roux
Stuart Klein
Harry Randall
Buchanan +44 (0) 20 7466 5000
Helen Tarbet +44 (0) 07788 528143
Henry Wilson
Hannah Ratcliff
Notes:
Starwood European Real Estate Finance Limited is an investment
company listed on the main market of the London Stock Exchange with
an investment objective to conduct an orderly realisation of the
assets of the Company. www.starwoodeuropeanfinance.com.
The Company is the largest London-listed vehicle to provide
investors with pure play exposure to real estate lending.
The Company's assets are managed by Starwood European Finance
Partners Limited, an indirect wholly owned subsidiary of the
Starwood Capital Group.
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Dissemination of a Regulatory Announcement that contains inside
information in accordance with the Market Abuse Regulation (MAR),
transmitted by EQS Group. The issuer is solely responsible for the
content of this announcement.
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ISIN: GG00B79WC100
Category Code: DIV
TIDM: SWEF
LEI Code: 5493004YMVUQ9Z7JGZ50
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 232157
EQS News ID: 1589415
End of Announcement EQS News Service
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