REG - Palace Capital PLC - REIT conversion

Palace CapitalAnnouncement

01/08/2019 07:05

RNS Number : 4566H
Palace Capital PLC
01 August 2019
 


Palace Capital plc
("Palace Capital" or the "Company")
REIT conversion
 
Palace Capital, the property investment company that focusses on commercial property outside London, is pleased to announce that it has provided HMRC with notice to join the UK REIT regime with effect from today, 1 August 2019. The first dividend distribution as a UK REIT is expected to be paid in December 2019.
 
For further information, contact:
FTI Consulting (Financial PR)
Claire Turvey / Methuselah Tanyanyiwa
palacecapital@fticonsulting.com
Tel. +44 (0)20 3727 1000
 
About Palace Capital plc (www.palacecapitalplc.com):
Palace Capital plc (LSE: PCA) is a Main Market listed REIT that has a c. £280 million diversified portfolio of UK regional commercial property. The Company maintains a disciplined investment strategy focused on towns and cities outside of London that are characterised by thriving local economies and strengthening fundamentals. Within those locations, the highly experienced management team selects assets that provide opportunity to drive both capital value and long-term rental income through tailored active asset management programmes, ultimately delivering attractive shareholder returns.




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
REASDDFMFFUSEIW