Dividend Announcement

RNS Number : 9313R

NewRiver Retail Limited

17 September 2014

 



NewRiver Retail Limited

("NewRiver" or the "Company")

Dividend Announcement

Following a previous announcement stating the Company's proposal to pay quarterly dividends for its financial year commencing 1 April 2014, the Board has declared its first interim dividend relating to the quarter ending 30 June 2014 of 4.25 pence per share. This interim dividend will be paid on 31 October 2014 to shareholders on the register at close of business on 26 September 2014. The ex-dividend date will be 24 September 2014. Of this interim dividend 1.0 pence per share will be paid as a REIT Property Income Distribution (PID). Further information on the tax treatment of dividends can be found on the Company's website.

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For further information:

NewRiver Retail Limited  David Lockhart, Chief Executive Mark Davies, Finance Director	Tel: [phone]
Bell Pottinger David Rydell/James Newman/David Bass	Tel: [phone]
Liberum Tim Graham/Simon Atkinson/Jamie Richards	Tel: [phone]

About NewRiver

NewRiver Retail Limited is an AIM listed REIT. The Company is a specialist real estate investor and asset manager focusing solely on UK retail with a particular focus on food and value retailing.

The management team, with over 100 years combined experience in the UK commercial property market, actively engages with retailers, stakeholders and consumers. NewRiver Retail is the UK's third largest shopping centre owner by number with assets under management of approximately £730 million principally comprising 26 UK wide shopping centres, 17 high street assets, 1 supermarket, four retail warehouses and a portfolio of 202 public houses principally suitable for conversion to alternative uses. The portfolio has 1,280 occupiers, a total of over 5 million sq ft, total annual footfall of over 110 million and a retail occupancy rate of 96 per cent.

The Company's activities include active and entrepreneurial asset management and risk-controlled development, utilising both its own balance sheet and co-investment joint venture structures.

Founded in 2009, NewRiver has become the UK's leading retail-focused property investment business. The Company's shares were admitted to London's AIM in September of the same year. For more information on NewRiver, please visit www.nrr.co.uk

 

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