20 Apr 2017 09:06
20 April 2017
Secure Income REIT Plc
Dividend Declaration
The Board of Secure Income REIT Plc (the "Company"), the specialist long term income REIT, is pleased to declare the payment of an interim dividend of 3.2773 pence per Ordinary Share in respect of the year to 31 December 2016.
The dividend will be paid on 26 May 2017 to shareholders on the register on 28 April 2017. The ex-dividend date will be 27 April 2017. The dividend will be paid as a Property Income Distribution in respect of the Company's tax exempt property rental business.
For further information on the Company, please contact:
Secure Income REIT Plc | +44 20 7647 7647 |
Sandy Gumm
| |
Stifel Nicolaus Europe Limited (Nominated Adviser) | +44 20 7710 7600 |
David Arch | |
Tom Yeadon
| |
FTI Consulting | +44 20 3727 1000 |
Richard Sunderland | |
Claire Turvey |
About Secure Income REIT
Secure Income REIT floated as a Real Estate Investment Trust on the AIM segment of the London Stock Exchange in June 2014. Upon Admission, shares were issued at 174p representing a market capitalisation of £293 million, which has subsequently grown to in excess of £790 million.
The Company specialises in generating long term, inflation protected, secure income from real estate investments. Its investment strategy is designed to satisfy investors' growing requirements for high quality, safe, inflation protected income flows.
At 31 December 2016, the Company's investment property portfolio was valued at approximately £1.64 billion, producing approximately £92.6 million per annum of rental income from long term leases with a weighted average unexpired term to expiry of over 23 years, one of the longest income profiles in the quoted UK real estate sector. All rental income is subject to fixed or RPI upwards only rent reviews.
The Company is advised by Prestbury Investments LLP which was adviser to Max Property Group plc until August 2014, when Max Property Group plc was sold to Blackstone Group. Prestbury Investments LLP is a partnership of real estate and finance professionals including Nick Leslau, Mike Brown, Tim Evans, Ben Walford and Sandy Gumm.
The Company's Board is chaired by Martin Moore and also comprises three further independent Directors in Leslie Ferrar, Jonathan Lane and Ian Marcus, as well as three members of the Prestbury Team in Nick Leslau, Mike Brown and Sandy Gumm.
Dividend withholding tax deductions
Shareholders entitled to elect to receive distributions without deduction for withholding tax should complete the declaration form which is available in the Investor Centre of the Company's website, www.SecureIncomeREIT.co.uk or by request to Enquiries@SecureIncomeREIT.co.uk or by writing to the Company Secretary, Secure Income REIT Plc, Cavendish House, 18 Cavendish Square, London W1G 0PJ. Shareholders who qualify for gross payments are, principally, UK resident companies, certain UK public bodies, UK charities, UK pension schemes and the managers of ISAs, PEPs and Child Trust Funds, in each case subject to certain conditions. Individuals and non-UK residents do not qualify for gross payments of distributions and should not complete the declaration form.