REG - Regional REIT Ltd - Dividend Declaration

Regional REITAnnouncement

24/08/2022 07:00

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RNS Number : 9795W  Regional REIT Limited  24 August 2022

24 August 2022

REGIONAL REIT Limited

("Regional REIT", the "Group" or the "Company")

Q2 2022 Dividend Declaration

 

Regional REIT Limited (LSE: RGL), the regional office specialist today
declares its Q2 2022 dividend.

 

The Company will pay a dividend of 1.65 pence per share ("pps") for the period
1 March 2022 to 30 June 2022, an increase of c.3% from 1 March 2021 to 30 June
2021 dividend of 1.60pps. The entire dividend will be paid as a REIT property
income distribution ("PID").

 

The Company has introduced the option for shareholders to invest their
dividend in a Dividend Reinvestment Plan ("DRIP"). More details can be found
on the Company's website
https://www.regionalreit.com/investors/investors-dividend/dividend-reinvestment-plan
(https://www.regionalreit.com/investors/investors-dividend/dividend-reinvestment-plan)
.

 

The key dates relating to this dividend are given below:

 

 Ex-dividend date            1 September 2022
 Record date                 2 September 2022
 Last day for DRIP election  23 September 2022
 Payment date                14 October 2022

 

The level of future payments of dividends will be determined by the Board
having regard to, among other factors, the financial position and performance
of the Group at the relevant time, UK REIT requirements and the interest of
shareholders.

 

Forthcoming Events

 

 15 September 2022  2022 Interim Results Announcements
 10 November 2022   Q3 2022 Trading Update

 

Note: All dates are provisional and subject to change

 

- ENDS -

Enquiries:

 

 Regional REIT Limited

 Toscafund Asset Management                                 Tel: +44 (0) 20 7845 6100
 Investment Manager to the Group
 Adam Dickinson, Investor Relations, Regional REIT Limited

 London & Scottish Property Investment Management           Tel: +44 (0) 141 248 4155
 Asset Manager to the Group
 Stephen Inglis

 Buchanan Communications                                    Tel: +44 (0) 20 7466 5000
 Financial PR                                               regional@buchanan.uk.com
 Charles Ryland, Henry Wilson, George Beale

 

About Regional REIT

Regional REIT Limited ("Regional REIT" or the "Company") and its
subsidiaries (the "Group") is a United Kingdom ("UK") based real estate
investment trust that launched in November 2015. It is managed
by London & Scottish Property Investment Management Limited, the Asset
Manager, and Toscafund Asset Management LLP, the Investment Manager.

Regional REIT's commercial property portfolio is comprised wholly of income
producing UK assets and comprises, predominantly of offices located in the
regional centres outside of the M25 motorway. The portfolio is geographically
diversified, with 160 properties, 1,035 occupiers as at 31 March 2022, with a
valuation of c.£874.0m.

Regional REIT pursues its investment objective by investing in, actively
managing and disposing of regional core and core plus property assets. It aims
to deliver an attractive total return to its Shareholders, targeting greater
than 10% per annum, with a strong focus on income supported by additional
capital growth prospects.

The Company's shares were admitted to the Official List of
the UK's Financial Conduct Authority and to trading on the London Stock
Exchange on 6 November 2015. For more information, please visit the Group's
website at www.regionalreit.com (http://www.regionalreit.com/) .

ESMA Legal Entity Identifier ("LEI"): 549300D8G4NKLRIKBX73

 

 

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