SLI.L Regulatory News (SLI)

19 Dec 2007 17:08

Standard Life Invs Property Inc Tst19 December 2007 19 December 2007 Standard Life Investment Property Income Trust Limited Re: News release Property Valuation The Company will announce its property valuation in respect of the quarterending 31 December 2007 on Monday 21 January 2007. Cash Position The Company's cash position at 30 November 2007, after payment of the interimdividend, was £33.5m. Cash as a percentage of debt was therefore 39.7% (£33.5m/£84.4m). Borrowings (i) Loan To Value As at 30 September 2007, the LTV was 27.5% (calculated as debt less cash/marketvalue of properties). (ii) Gearing As at 30 September 2007, gearing was 30.3% (calculated as debt plus zerodividend preference shares less cash/market value of properties). Dividend Cover The Company's historic dividend cover ratio for the last financial year, ended31 December 2006 was: Profit for the year £6,929,192 Total Dividends (cash basis): £6,500,000 Total Dividends (accruals basis): £6,830,200 Dividend Cover: 106.6 (IFRS) Dividend Cover: 101.4 (UK GAAP) All Enquiries: The Company Secretary Northern Trust International Fund Administration Services (Guernsey) Limited Trafalgar Court Les Banques St Peter Port Guernsey GY1 3QL Tel: 01481 745529 Fax: 01481 745085 END This information is provided by RNS The company news service from the London Stock Exchange