REG - Regional REIT Ltd - Q2 2023 Dividend Declaration

Regional REITAnnouncement

12/09/2023 07:00

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RNS Number : 0677M  Regional REIT Limited  12 September 2023

12 September 2023

REGIONAL REIT Limited

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

Q2 2023 Dividend Declaration

 

Regional REIT Limited (LSE: RGL), the regional office specialist today
declares its Q2 2023 dividend.

 

The Company will pay a dividend of 1.20 pence per share ("pps") for the period
1 April 2023 to 30 June 2023. The entire dividend will be paid as a REIT
property income distribution ("PID").

 

The Company has 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            21 September 2023
 Record date                 22 September 2023
 Last day for DRIP election  28 September 2023
 Payment date                19 October 2023

 

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.

 

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 150 properties, 1,038 occupiers as at 30 June 2023, with a
valuation of c.£752.2m.

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/)  .

Cautionary Statement

This document has been prepared solely to provide additional information to
Shareholders to assess the Group's performance in relation to its operations
and growth potential. The document should not be relied upon by any other
party or for any other reason. Any forward looking statements made in this
document are done so by the Directors in good faith based on the information
available to them up to the time of their approval of this document. However,
such statements should be treated with caution due to the inherent
uncertainties, including both economic and business risk factors, underlying
any such forward-looking information.

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

 

 

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