Announcement of Interim Dividends

RNS Number : 0321T

Murray Income Trust PLC

07 December 2012

 



Murray Income Trust PLC

Announcement of Interim Dividends

7 December 2012

The Board has today declared first, second and third interim dividends in respect of the year ending 30 June 2013, each of 7.00p net per ordinary share (2012: three interim dividends of 5.50p)  which will be paid on 12 January 2013, 8 March 2013 and 7 June 2013 respectively to Ordinary shareholders on the register at the close of business on 21 December 2012, 8 March 2013 and 7 June 2013 respectively. The relevant ex dividend dates are, respectively, 19 December 2012, 6 March 2013 and 5 June 2013.

These interim dividend payments will represent a material increase in the proportion of distributable revenue which the Company has previously paid by way of interim dividends. The objective is to rebalance the proportion of the dividends paid by the Company as between interim and final dividends, so that shareholders will receive a greater proportion of the Company's dividend distributions earlier, by way of the interim dividends.  Although this will obviously result in a lower final dividend, the total level of dividends for the current financial year is expected to be broadly the same as last year.

 

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