Last checked at 
8 Jan 2021 07:00
SUPERMARKET INCOME REIT
(the "Company")
LEI: 2138007FOINJKAM7L537
Dividend declaration AND SCRIP dividend alternative
The Board of Directors of Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, has today declared an interim dividend in respect of the period from 1 October 2020 to 31 December 2020 of 1.465 pence per ordinary share, payable on or around 26 February 2021 (the "Interim Dividend"). The ex-dividend date will be 21 January 2021 with a record date of 22 January 2021. This dividend will be paid as a Property Income Distribution ("PID") in respect of the Company's tax-exempt property rental business.
At the Annual General Meeting held on 11 November 2020, shareholders approved the introduction of a scrip dividend scheme (the "Scheme"). The Scheme allows eligible shareholders to elect to receive new ordinary shares in the Company in lieu of a cash dividend (the "Scrip Dividend Alternative"). The Scrip Dividend Alternative price is to be calculated using the average of the closing middle market quotations for an Ordinary Share, as derived from the Daily Official List of the London Stock Exchange, for the five consecutive business days commencing on the ex-dividend date and will be announced by the Company and detailed on the Company's website on 28 January 2021.
Any shareholders wishing to take up the Scrip Dividend Alternative will have until 5pm on 5 February 2021 either to return their completed mandate form to the Company registrars, Link Asset Services, at The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU (in the case of shareholdings in certificated form) or to take the necessary action via the CREST system (in the case of shareholdings in uncertificated form).
Further details of the Scheme, including the Scrip Dividend Circular and Mandate Form, are available to view and download on the Company's website at: https://www.supermarketincomereit.com/dividend-information
The Scrip Dividend Circular is also available for inspection at the National Storage Mechanism: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
FOR FURTHER INFORMATION:
| |
Atrato Capital Limited | +44 (0)20 3790 8087 |
Ben Green / Steve Windsor / Steve Noble | AC-IR@atratocapital.com |
Stifel Nicolaus Europe Limited | +44 (0)20 7710 7600 |
Mark Young / Matt Blawat | |
FTI Consulting | +44 (0)20 3727 1000 |
Dido Laurimore / Eve Kirmatzis / Andrew Davis | SupermarketIncomeREIT@fticonsulting.com |
NOTES TO EDITORS:
Supermarket Income REIT plc (LSE: SUPR) is a real estate investment trust dedicated to investing in grocery properties which are an essential part of the UK's feed the nation infrastructure. The Company focuses on grocery stores which are omnichannel, fulfilling online and in-person sales. All of the Company's 49 supermarkets(1) are let to leading UK supermarket operators, diversified by both tenant and geography.
The Company provides investors with attractive, long-dated, secure, inflation-linked, growing income with the potential for capital appreciation over the longer term and targets a 7% to 10% p.a. total shareholder return.(2) The Company has increased its dividend target in line with UK RPI inflation each year.
The Company's ordinary shares were admitted to trading on the Main Market of the London Stock Exchange, Specialist Fund Segment, on 21 July 2017.
Atrato Capital Limited is the Company's Investment Adviser.
Further information is available on the Company's website www.supermarketincomereit.com
(1) 23 directly owned supermarkets, plus 26 via joint venture
(2) There is no certainty that these illustrative projections will be achieved