European Assets Trust Regulatory News (EAT)

To: RNS

From: European Assets Trust PLC

Date: 28 September 2022

LEI: 213800N61H8P3Z4I8726

October Quarterly Dividend

European Assets Trust PLC ("the Company") announces that a dividend of 2.2 pence per share will be paid on 31 October 2022 to shareholders on the register on 7 October 2022, having an ex-dividend date of 6 October 2022. 

In addition, the Company has paid dividends of 2.2 pence per share in January, April and July 2022. These four interim dividends, with a cumulative total of 8.8 pence per share, provide an annual payment to shareholders representing six per cent of the closing net asset value per share of the Company as at 31 December 2021.

As at 27 September 2022, the latest practicable date prior to publication of this announcement, an annual dividend of 8.8 pence per share represents a yield of 10.9 per cent calculated with reference to the Company's closing share price of 80.8 pence that day.

The level of dividend paid each year is determined in accordance with the Company's distribution policy. The Company has stated that, barring unforeseen circumstances, it will pay an annual dividend equivalent to six per cent of its NAV at the end of the preceding year. Should the NAV at 31 December 2022 be lower than the NAV at the 2021 year end then the value of the dividend payable in 2023 would be expected to be proportionately lower.

Enquiries:

Scott McEllen

Columbia Threadneedle Investment Business Limited Tel: 0207 628 8000