Q2 2016 Dividend Announcement/Interim Results Date

RNS Number : 6212I

Regional REIT Limited

01 September 2016

 

1 September 2016

Regional REIT Limited

Q2 2016 Dividend Announcement and Interim Results Date

Regional REIT Limited (LSE: RGL) ("Regional REIT", "the Group" or "the Company") today announces that it will pay a dividend of 1.75 pence per share for the period 1 April 2016 to 30 June 2016. The dividend payment will be made on 7 October 2016 to shareholders on the register as at 9 September 2016. The ex-dividend date will be 8 September 2016.

It remains the Company's intention to pay three quarterly dividends, of which this is the second, at approximately this level in relation to the financial year 2016 and then a fourth quarter dividend to at least manage compliance with the 90% minimum REIT distribution requirement. Subject to this the payment of dividends will reflect market conditions, the Group's performance, its financial position and the business outlook.

The Group will announce its Interim results for the six-months ended 30 June 2016 on 20 September 2016.

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Enquiries:

Regional REIT Limited
Press enquiries through Headland
London & Scottish Investments	Tel: [phone]
Asset Manager to the Group
Stephen Inglis
Toscafund Asset Management	Tel: [phone]
Investment Manager to the Group
James S Johnson, Investor Relations, Regional REIT Limited
Headland	Tel: [phone]
Financial PR
Francesca Tuckett

 

About Regional REIT

Regional REIT Limited (LSE: RGL) is a London Stock Exchange Main Market listed specialist real estate investment trust focused on office and industrial property interests in the principal regional locations of the United Kingdom outside of the M25 motorway.

Regional REIT is managed by London & Scottish Investments, the Asset Manager, and Toscafund Asset Management, the Investment Manager, and was formed by the combination of two existing funds previously created by the Managers as a differentiated play on the expected recovery in UK regional property, to deliver an attractive total return to shareholders and with a strong focus on income.

The Group's investment portfolio, as at 31 December 2015, was spread across more than 120 regional properties, in excess of 710 units and over 530 tenants. As at 31 December 2015, the investment portfolio had a value of £403.7m and a net initial yield of 7.6%. The weighted average unexpired lease term was approximately six years.

The Company's shares joined the Official List of the UK's Financial Conduct Authority and were admitted to trading on the London Stock Exchange on 6 November 2015. For more information, please visit the Group's website at www.regionalreit.com.

 

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