Dividend Declaration

RNS Number : 0867N

Tritax Big Box REIT plc

27 January 2016

 

27 January 2016

TRITAX BIG BOX REIT PLC

(the "Company")

DIVIDEND DECLARATION 

The Board of Directors of Tritax Big Box REIT plc (ticker: BBOX) has today declared an interim dividend in respect of the period from 1 July 2015 to 31 December 2015 of 3.0 pence per ordinary share, payable on or around 9 March 2016 to shareholders on the register on 12 February 2016.  The ex-dividend date will be 11 February 2016. 

2.25 pence of this dividend will be paid as a Property Income Distribution ("PID") in respect of the Company's tax exempt property rental business and 0.75 pence will be paid as an ordinary UK dividend ("non-PID").

The Company is targeting an aggregate dividend of 6.2 pence per ordinary share for the year ending 31 December 2016¹.

Note:

(1)     The target dividend is a target only and not a profit forecast. There can be no assurance that the target will be met and it should not be taken as an indication of the Company's expected or actual future results.

For further information, please contact:

Tritax Group Colin Godfrey (Partner, Fund Manager)	via Newgate (below)
Newgate (PR Adviser) James Benjamin Alex Shilov Lydia Thompson	Tel: [phone] Email: [e-mail]
Jefferies International Limited Gary Gould Stuart Klein	Tel: [phone]
Akur Limited Anthony Richardson Tom Frost Siobhan Sergeant	Tel: [phone]

NOTES:

Tritax Big Box REIT plc is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies. The Company invests in a portfolio of well-located, modern "Big Box" assets, typically greater than 500,000 sq. ft., let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews (giving inflation linked earnings growth), with geographic and tenant diversification throughout the UK. The Company seeks to exploit the significant opportunity in this sub-sector of the UK logistics market owing to strong tenant demand in high growth areas of the economy and limited stock supply. The Company is the only listed vehicle to give pure exposure to the "Big Box" asset class in the UK.

Further information on Tritax Big Box REIT plc is available at www.tritaxbigbox.co.uk 

 

END

 

 

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