REG - Real Estate Investrs - 2024 Q3 Dividend Declaration

Real Estate InvestorsAnnouncement

11/12/2024 07:00

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RNS Number : 5831P  Real Estate Investors PLC  11 December 2024

Real Estate Investors Plc

("REI", the "Company" or the "Group")

 

2024 Q3 Dividend Declaration

 

Real Estate Investors Plc (AIM: RLE), the UK's only Midlands-focused Real
Estate Investment Trust (REIT) with a portfolio of commercial property across
all sectors, is pleased to announce that it will pay a Q3 dividend of 0.5
pence per share for the period 1 July 2024 to 30 September 2024.  The
payment will be made on 17 January 2025 to all shareholders on the register as
at 27 December 2024.

 

The ex-dividend date will be 24 December 2024.  This dividend will be a
Property Income Distribution (PID).

 

Enquiries:

 Real Estate Investors Plc                               +44 (0)121 212 3446

 Paul Bassi/Marcus Daly

 Cavendish Capital Markets Limited (Nominated Adviser)   +44 (0)20 7220 0500

 Katy Birkin/Ben Jeynes

 Panmure Liberum Limited (Broker)                        +44 (0)20 3100 2000

 Jamie Richards/William King

 

 

About Real Estate Investors Plc

 

Real Estate Investors Plc is a publicly quoted, internally managed property
investment company and REIT with a portfolio of mixed-use commercial property,
managed by a highly-experienced property team with over 100 years of combined
experience of operating in the Midlands property market across all sectors.
The portfolio has no material reliance on a single asset or occupier. On 1st
January 2015, the Company converted to a REIT. Real Estate Investment Trusts
are listed property investment companies or groups not liable to corporation
tax on their rental income or capital gains from their qualifying
activities. The Company announced in January 2024 that it would be
undertaking an orderly strategic sale of the Company's portfolio over three
years, disposing of assets individually or collectively, at or above book
value, to optimise returns to shareholders.  The pace of the disposal
programme will be dictated by market conditions, with an initial focus on
repaying the Company's debt.  In the meantime, it is the Board's intention to
continue paying a fully covered quarterly dividend. Further information on the
Company can be found at www.reiplc.com
(https://url.uk.m.mimecastprotect.com/s/cY38C5LOwcgggJrfxtjIkbuji?domain=linkprotect.cudasvc.com)
.

 

 

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