REG - Real Estate Investrs - Q1 2024 Dividend Declaration

Real Estate InvestorsAnnouncement

01/07/2024 15:45

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RNS Number : 6621U  Real Estate Investors PLC  01 July 2024

 

 

Real Estate Investors Plc

("REI" or the "Company")

 

Q1 2024 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 in accordance with its dividend
policy, REI will pay a fully covered Q1 2024 dividend of 0.5 pence per share
for the period 1 April 2024 to 30 June 2024 (Q1 2023: 0.625 pence per
share).  The payment will be made on 31 July 2024 to all shareholders on
the register as at 12 July 2024.  The ex-dividend date will be 11 July
2024.  This dividend will be an Ordinary Distribution.

 

Enquiries:

 

 Real Estate Investors Plc

 Paul Bassi/Marcus Daly                                  +44 (0)121 212 3446

 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://linkprotect.cudasvc.com/url?a=http%3a%2f%2fwww.reiplc.com%2f&c=E,1,XXatoloSWp6QhXKmja9_DI5ASkLZvpCYSJdQoJwTrNKPuuV29tQ-DbyHws6PJmUBMhmQRMriBJ7Y70rzodLvLAnMjb2cbW89ht2RgEt0OhOojqqFmp7UfpM,&typo=1)
.

 

 

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