Secure Income REIT PLC Dividend Declaration (5979L)
July 20 2017 - 3:00AM
UK Regulatory
TIDMSIR
RNS Number : 5979L
Secure Income REIT PLC
20 July 2017
20 July 2017
Secure Income REIT Plc
Dividend Declaration
The Board of Secure Income REIT Plc (the "Company"), the
specialist long term income REIT, is pleased to declare the payment
of an interim dividend of 3.5 pence per Ordinary Share in respect
of the year to 31 December 2017. This represents an increase of
6.8% over the previous quarter.
The dividend will be paid on 25 August 2017 to shareholders on
the register on 28 July 2017. The ex-dividend date will be 27 July
2017. The dividend will be paid as a Property Income Distribution
in respect of the Company's tax exempt property rental
business.
The Company expects to report its results for the six months
ended 30 June 2017 on 18 September 2017.
For further information on the Company, please contact:
Secure Income REIT Plc +44 20 7647 7647
Sandy Gumm
Stifel Nicolaus Europe
Limited (Nominated Adviser) +44 20 7710 7600
David Arch
Tom Yeadon
FTI Consulting +44 20 3727 1000
Richard Sunderland
Claire Turvey
About Secure Income REIT
Secure Income REIT floated as a Real Estate Investment Trust on
the AIM segment of the London Stock Exchange in June 2014. Upon
Admission, shares were issued at 174p representing a market
capitalisation of GBP293 million, which has subsequently grown to
approximately GBP800 million.
The Company specialises in generating long term, inflation
protected, secure income from real estate investments. Its
investment strategy is designed to satisfy investors' growing
requirements for high quality, safe, inflation protected income
flows.
At 31 December 2016, the Company's investment property portfolio
was valued at approximately GBP1.64 billion, producing
approximately GBP92.6 million per annum of rental income from long
term leases with a weighted average unexpired term to expiry of
over 23 years, one of the longest income profiles in the quoted UK
real estate sector. All rental income is subject to fixed or RPI
upwards only rent reviews.
The Company is advised by Prestbury Investments LLP which was
adviser to Max Property Group plc until August 2014, when Max
Property Group plc was sold to Blackstone Group. Prestbury
Investments LLP is a partnership of real estate and finance
professionals including Nick Leslau, Mike Brown, Tim Evans, Ben
Walford and Sandy Gumm.
The Company's Board is chaired by Martin Moore and also
comprises three further independent Directors in Leslie Ferrar,
Jonathan Lane and Ian Marcus, as well as three members of the
Prestbury Team in Nick Leslau, Mike Brown and Sandy Gumm.
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 or by request 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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