Aberdeen Standard Eur Lgstc Inc PLC Fourth Interim Dividend (8075D)
February 24 2020 - 2:00AM
UK Regulatory
TIDMASLI
RNS Number : 8075D
Aberdeen Standard Eur Lgstc Inc PLC
24 February 2020
Aberdeen Standard European Logistics Income PLC (LSE: ASLI) (the
"Company")
LEI: 213800I9IYIKKNRT3G50
24 February 2020
Declaration of Fourth Interim Dividend
The Directors have today declared a fourth interim dividend of
1.41 euro cents (equivalent to 1.27 pence) per Ordinary share, in
respect of the year ended 31 December 2019. This fourth interim
dividend will be paid in sterling on 27 March 2020 to Ordinary
shareholders on the register on 6 March 2020 (ex-dividend date of 5
March 2020). The total dividend for 2019 amounts to 5.64 euro cents
(equivalent to 5.08 pence) per Ordinary share.
As indicated in the Prospectus dated 5 July 2019, the Company is
targeting a distribution level of 5% for an investor at initial
launch in Euro terms. The Company's stated policy at launch was to
engage, where appropriate, in currency hedging to seek to mitigate
the potential volatility of income returns from the portfolio in
sterling terms and to provide greater certainty as to the level of
sterling distributions; but it does not seek to provide a long-term
hedge for the Company's income returns, which will continue to be
affected by movements in the euro/sterling exchange rate over the
longer term, nor does it seek to undertake currency hedging in
respect of the capital value of the portfolio. The Company entered
into an FX hedge to fix the exchange rate at which the euro
distributions for the year ended 31 December 2019 were converted to
sterling to effect payments at a rate of EUR1:GBP0.8985.
The Company intends to declare quarterly interim dividends to
Shareholders, with dividends declared in respect of the quarters
ending on the following dates: 31 March, 30 June, 30 September and
31 December in each year.
Any such dividend payment to Shareholders may take the form of
either dividend income or "qualifying interest income" which may be
designated as an interest distribution for UK tax purposes and
therefore subject to the interest streaming regime applicable to
investments trusts.
Of this fourth interim dividend declared of 1.27 pence per
Ordinary share, 0.90 pence is declared as dividend income with 0.37
pence treated as qualifying interest income.
Details of the Company may be found on the Company's website at:
www.eurologisticsincome.co.uk
For further information:
Aberdeen Standard Fund Managers Limited
020 7463 6000
William Hemmings
Gary Jones
Luke Mason
Investec Bank plc
020 7597 4000
Sales
Will Barnett
Neil Brierley
Alice Douglas
Dominic Waters
Corporate
David Yovichic
Denis Flanagan
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END
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