Brief: Eurocommercial Properties Postpones New Div. Policy To Next FY

Eurocommercial Properties NV

16/03/2020 07:17

March 16 (Reuters) - EUROCOMMERCIAL PROPERTIES NV
 SIPFc.AS :
    * EUROCOMMERCIAL PROPERTIES N.V. UPDATE ON CORONAVIRUS
IMPACT ON
OUR SHOPPING CENTRES & DIVIDEND POLICY
    * ON CORONAVIRUS: IMPACTING OUR ABILITY TO COLLECT RENTS ON
TIME
OR IN FULL BUT DOES NOT WAIVE ANY CONTRACTUAL RENT OR LEASE
OBLIGATIONS FROM OUR TENANTS
    * IT IS WORTH HIGHLIGHTING THAT ON AVERAGE PAYMENT OF RENTS
AND
SERVICE CHARGES ACCOUNT FOR LESS THAN TEN PERCENT OF OUR TENANTS
TURNOVER
    * HAS DECIDED TO TAKE A PRUDENT APPROACH AND DELAY THE
IMPLEMENTATION OF ITS NEW DIVIDEND POLICY TO THE NEXT FINANCIAL
YEAR
    * COMPANY WILL THEREFORE ONLY PAY ONE DIVIDEND FOR THE
FINANCIAL
YEAR ENDING 30 JUNE 2020

Source text for Eikon:  ID:nGNEbRFK3p 
Further company coverage:  SIPFc.AS 

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