Sign In
Last checked at 
16 Feb 2016 07:00
16 February 2016
Regional REIT Limited
Revised Dividend Policy
The Board of Regional REIT Limited (LSE: RGL) ("Regional REIT" or the "Company"), the recently listed regional commercial property company, today announces its intention to increase the frequency of dividend payments and move to the payment of quarterly dividends with effect from the financial year beginning 1 January 2016. Further details on the quarterly dividends are expected to be announced alongside the publication of the Company's results ending 31 December 2015.
Following its recent Initial Public Offering the Board has reconsidered the frequency of dividend payments in the light of market practice in the sector and Board's perception of shareholders' preferences, and following discussions with its advisors.
The payment of dividends will remain subject to market conditions, the Company's performance, its financial position and the business outlook.
- ENDS -
Enquiries:
Regional REIT Limited | |
Press enquiries through Headland | |
| |
London & Scottish Investments | Tel: +44 (0) 141 248 4155 |
Asset Manager to the Company |
|
Stephen Inglis |
|
Derek McDonald |
|
|
|
Toscafund Asset Management | Tel: +44 (0) 20 7845 6100 |
Investment Manager to the Company |
|
Nigel Gliksten |
|
|
|
Headland | Tel: +44 (0)20 7367 5222 |
Financial PR | |
Francesca Tuckett | |
About Regional REIT
Regional REIT Limited (LSE: RGL) is a London Stock Exchange Main Market listed specialist real estate investment company focused on office and industrial property interests in the principal regional locations of the United Kingdom outside of the Greater London area.
Regional REIT is managed by London & Scottish Investments and Toscafund Asset Management, and was formed by the merger of two existing funds created by the managers to achieve a differentiated play on recovery in UK regional property to deliver an attractive total return to shareholders, with a strong focus on income.
The Company's investment portfolio, as at 31 December 2015, is spread across more than 130 regional properties consisting of around 720 individual units, with over 500 tenants. As at 31 December 2015, the investment portfolio had a value of £405.4m and an overall income yield of 8.3%. The weighted average unexpired lease term is just under six years.
The Company's shares were admitted to the Main Market of the London Stock Exchange on 6 November 2015. For more information, please visit www.regionalreit.com
Follow the stocks
