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18.74    0.42 (2.29%)
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Market Cap: £77.24m
ASLI Live PriceLast checked at - London Stock Exchange

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Fourth Interim Dividend

24 Feb 2020 07:00

RNS Number : 8075D
Aberdeen Standard Eur Lgstc Inc PLC
24 February 2020
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Aberdeen Standard European Logistics Income PLC (LSE: ASLI) (the "Company")

LEI: 213800I9IYIKKNRT3G50

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24 February 2020

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Declaration of Fourth Interim Dividend

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The Directors have today declared a fourth interim dividend of 1.41 euro cents (equivalent to 1.27 pence) per Ordinary share, in respect of the year ended 31 December 2019. This fourth interim dividend will be paid in sterling on 27 March 2020 to Ordinary shareholders on the register on 6 March 2020 (ex-dividend date of 5 March 2020). The total dividend for 2019 amounts to 5.64 euro cents (equivalent to 5.08 pence) per Ordinary share.

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As indicated in the Prospectus dated 5 July 2019, the Company is targeting a distribution level of 5% for an investor at initial launch in Euro terms. The Company's stated policy at launch was to engage, where appropriate, in currency hedging to seek to mitigate the potential volatility of income returns from the portfolio in sterling terms and to provide greater certainty as to the level of sterling distributions; but it does not seek to provide a long-term hedge for the Company's income returns, which will continue to be affected by movements in the euro/sterling exchange rate over the longer term, nor does it seek to undertake currency hedging in respect of the capital value of the portfolio. The Company entered into an FX hedge to fix the exchange rate at which the euro distributions for the year ended 31 December 2019 were converted to sterling to effect payments at a rate of €1:Β£0.8985.

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The Company intends to declare quarterly interim dividends to Shareholders, with dividends declared in respect of the quarters ending on the following dates: 31 March, 30 June, 30 September and 31 December in each year.

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Any such dividend payment to Shareholders may take the form of either dividend income or "qualifying interest income" which may be designated as an interest distribution for UK tax purposes and therefore subject to the interest streaming regime applicable to investments trusts.

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Of this fourth interim dividend declared of 1.27 pence per Ordinary share, 0.90 pence is declared as dividend income with 0.37 pence treated as qualifying interest income.

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Details of the Company may be found on the Company's website at: www.eurologisticsincome.co.uk

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For further information:

Aberdeen Standard Fund Managers Limited

020 7463 6000

William Hemmings

Gary Jones

Luke Mason

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Investec Bank plc

020 7597 4000

Sales

Will Barnett

Neil Brierley

Alice Douglas

Dominic Waters

Corporate

David Yovichic

Denis Flanagan

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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END
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DIVSELFWFESSESE
Date   Source Headline
30th Nov 20236:15 amGNWForm 8.5 (EPT/RI) - Abrdn European Logistics Income plc
29th Nov 20233:51 pmRNSForm 8.3 - abrdn European Logistics Income plc
29th Nov 20233:16 pmRNSForm 8.3 - Amendment to RNS 0742V change to (e)
29th Nov 20233:02 pmGNWForm 8.3 - [abrdn European Logistics Income Limited - 28 11 2023] - (CGWL)
29th Nov 20233:00 pmRNSForm 8.3 - abrdn European Logistics Income PLC
29th Nov 20232:14 pmGNWForm 8.3 - ABRDN European Logistics Income PLC
29th Nov 20231:26 pmRNSForm 8.3 - adrdn European Logistics Income plc
29th Nov 20239:59 amRNSForm 8.3 - abrdn European Logistics Income plc
29th Nov 20238:04 amGNWForm 8.5 (EPT/RI) - abrdn European Logistics Income plc
28th Nov 20235:44 pmRNSForm 8.3 - abrdn European Logistics Income plc
28th Nov 20233:20 pmRNSForm 8.3 - abrdn European Logistics Income plc
28th Nov 20233:00 pmRNSForm 8.3 - abrdn European Logistics Income plc
28th Nov 20233:00 pmRNSForm 8.3 - abrdn European Logistics Income PLC
28th Nov 20232:57 pmGNWForm 8.3 - ABRDN European Logistics Income PLC
28th Nov 20231:17 pmRNSForm 8.3 - abrdn European Logistics Income plc
28th Nov 202310:58 amRNSForm 8.3 - abrdn European Logistics Income plc
28th Nov 202310:57 amGNWForm 8.3 - [abrdn European Logistics Income plc - Opening Disclosure - 27 11 2023] - (CGWL)
28th Nov 20236:42 amGNWForm 8.5 (EPT/RI) - abrdn European Logistics Income plc
27th Nov 202312:06 pmRNSForm 8.3 - abrdn European Logistics Income plc
27th Nov 202310:22 amRNSForm 8.3 - abrdn European Logistics Income plc
27th Nov 20237:31 amRNSQ3 NAV Announcement
27th Nov 20237:00 amRNSStrategic Review
23rd Nov 20234:41 pmRNSDeclaration of Third Interim Distribution
19th Oct 20237:00 amRNSabrdn Euro Logistics Inc awarded 5* GRESB rating
12th Oct 202311:03 amRNSDoc re. Half Yearly Report
28th Sep 20237:00 amRNSHalf-year Report
26th Sep 20235:05 pmRNSHolding(s) in Company
22nd Aug 20237:00 amRNSPortfolio Update and 30 June 2023 Net Asset Value
18th Aug 202312:08 pmRNSSecond Interim Distribution
23rd Jun 20234:51 pmRNSUpdate from QuotedData
13th Jun 202310:21 amRNSResult of AGM
24th May 20233:54 pmRNSDirector/PDMR Shareholding
24th May 20237:00 amRNSPortfolio Update and 31 March 2023 Net Asset Value
22nd May 202311:56 amRNSFirst Interim Distribution
16th May 20237:00 amRNSEde Lease Extension
12th May 202310:45 amRNSDoc re. Annual Report
5th May 20237:00 amRNSSale of Spanish Asset
2nd May 20237:00 amRNSLease extension - Avignon, France
26th Apr 20232:31 pmRNSDirector/PDMR Shareholding
21st Apr 20237:00 amRNSFull Year Results
23rd Feb 20237:00 amRNSCompany Update and Unaudited 31 December 2022 NAV
17th Feb 202310:38 amRNSDeclaration of Fourth Interim Distribution
16th Feb 20238:46 amRNSLong-term Lease Renewal - La Creche, Niort, France
12th Jan 20235:13 pmRNSUpdate research from QuotedData
7th Dec 202210:58 amRNSCompany Secretary - Change of Name
5th Dec 20224:42 pmRNSChange of Registered Office
1st Dec 20227:00 amRNSPortfolio Update and Unaudited Q3 2022 NAV
24th Nov 20224:14 pmRNSThird Interim Distribution
17th Oct 202212:26 pmRNSDoc re. Half Yearly Report
11th Oct 20227:00 amRNSAppointment of New Lead Fund Manager

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