EPIC.L Regulatory News (EPIC)

6 May 2020

Ediston Property Investment Company plc

(LEI: 213800JRL87EGX9TUI28)

Announcement of Interim Dividend

Declaration of Interim Dividend

The Company declares its interim dividend (property income distribution) payment in respect of the period from 1 April 2020 to 30 April 2020 of 0.3333 pence per share, as timetabled below:

This monthly dividend of 0.3333 pence per share equates to an annualised dividend level of 4.00 pence per share and is a reduction of 30.4% from the previous declared dividend in April 2020 of 0.4792 pence per share.

The monthly dividend is fully covered by rental income collected in the second quarter of 2020. The Company expects to be able to pay this rate for at least three months, out of rental income received, having taking expenses and cash commitments into account, and absent of unforeseen circumstances.

While rent collection has been adversely affected by the COVID-19 crisis, the Company anticipates that it will collect around 74% of rent due over the second quarter. Collection has been aided by approximately 56% of the Company's retail warehouse income being receivable from tenants who are defined, by the UK Government, as providing 'essential services' and are permitted to stay open for trade, including food retailers.

In light of the exceptional circumstances affecting global economies and markets, the Board will continue to monitor the Company's cash receipts and net income each month, as well as its ongoing expenses and cash commitments and consider the future payment of monthly dividends accordingly.

The Company will publish its Interim Report for the six months ended 31 March 2020 in the relatively near future, having announced the net asset value for 31 March 2020 on 23 April 2020.

End