Dividend Declaration

RNS Number : 3513V

NewRiver Retail Limited

15 April 2016

 

15 April 2016

NewRiver Retail Limited

("NewRiver" or the "Company")

Dividend Declaration

NewRiver Retail Limited (AIM: NRR), the UK REIT specialising in value-creating retail property investment and active asset management, is pleased to announce that it has declared a fourth quarterly dividend of 4.75 pence per share in respect of the year ended 31 March 2016. The dividend per share for the year totals 18.50 pence.

The quarterly dividend will be paid as follows:

2.75 pence per share will be paid as a REIT Property Income Distribution (PID); and

2.00 pence per share will be paid as a normal dividend.

The dividend payment date will be 13 May 2016 and will be paid to shareholders on the register at close of business on 29 April 2016. The ex-dividend date will be 28 April 2016.

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NewRiver Retail Limited  David Lockhart, Chief Executive Mark Davies, Finance Director	Tel: [phone]
Bell Pottinger David Rydell / James Newman / David Bass	Tel: [phone]
Liberum Richard Crawley / Jamie Richards	Tel: [phone]
Peel Hunt LLP Capel Irwin	Tel: [phone]

About NewRiver

NewRiver Retail Limited is an AIM listed REIT. The Company is a specialist real estate investor, asset manager and developer focused solely on the UK retail sector.

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 one of the UK's largest shopping centre owner/managers with assets under management of £1 billion principally comprising 32 UK wide shopping centres, further nationwide retail assets and a portfolio of 357 pubs with retail and mixed-use extension opportunities. The portfolio has over 1,440 occupiers, a total of 7 million sq. ft., total annual footfall of 146 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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