REG-Starwood European Real Estate Finance Ltd SWEF: Special Dividend Declaration

Starwood European Real Estate FinanceAnnouncement

23/03/2023 10:45

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   Starwood European Real Estate Finance Ltd (SWEF)
   SWEF: Special Dividend Declaration

   23-March-2023 / 10:33 GMT/BST

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                 Starwood European Real Estate Finance Limited

                                        

                          Special Dividend Declaration

      Additional Special Dividend of 2.0 Pence Per Share for 2022 Earnings
                                     Period

               Total Distribution of 7.5 Pence Per Share for 2022

   Starwood European Real  Estate Finance Limited  and its subsidiaries  (the
   “Company”), a  leading  investor  originating, executing  and  managing  a
   diverse portfolio of high-quality real estate  debt in the UK and  Europe,
   is pleased to declare a special dividend of 2.0 pence per share in respect
   of the year ending 31 December 2022.

   The Board has  decided to  declare this special  dividend in  view of  the
   Company’s strong portfolio performance and high cash generation leading to
   earnings that exceeded the Company’s dividend  target for the year of  5.5
   pence per share. As such the  Company now intends for the distribution  to
   shareholders for the 2022 earnings period to total 7.5 pence per share  in
   total (of which 5.5 pence per share has already been paid).

   The special dividend of 2.0 pence per share is payable on 21 April 2023 to
   ordinary shareholders on the register at 31 March 2023.

   The Board reiterates that the  Company’s current dividend target for  2023
   remains 5.5 pence per share (this is a target only and does not constitute
   a profit forecast), and due to the Company’s strong performance, the Board
   already anticipates that the  dividend for 2023 will  be fully covered  by
   income.

    John Whittle, Chairman of the Company said:

    

   "We are pleased  to announce  today’s special  dividend which  is a  clear
   testament to the  success of  the Company’s portfolio  in generating  high
   levels of income whilst preserving capital.

    

   Furthermore,  the  current  market  conditions  continue  to  represent  a
   compelling environment  for  the  portfolio  to the  extent  that  we  are
   comfortable to declare that  the 5.5 pence  per share target  distribution
   for 2023 is anticipated to be fully covered by portfolio income.”

    

   For further information, please contact:

   Apex Fund and Corporate Services (Guernsey) Limited as Company
   Secretary  +44 203 5303 630

   Duke Le Prevost

    

   Starwood Capital     +44 (0) 20 7016 3655

   Duncan MacPherson

    

   Jefferies International Limited     +44 (0) 20 7029 8000

   Gaudi Le Roux

   Stuart Klein

   Harry Randall

    

   Buchanan      +44 (0) 20 7466 5000

   Helen Tarbet       +44 (0) 07788 528143

   Henry Wilson

   Hannah Ratcliff  

          

    

   Notes:

   Starwood European Real Estate Finance Limited is an investment company
   listed on the main market of the London Stock Exchange with an investment
   objective to conduct an orderly realisation of the assets of the Company. 
    1 www.starwoodeuropeanfinance.com.

    

   The Company is the largest London-listed vehicle to provide investors with
   pure play exposure to real estate lending.

    

   The Company's assets are managed by Starwood European Finance Partners
   Limited, an indirect wholly owned subsidiary of the Starwood Capital
   Group.

    

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   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GG00B79WC100
   Category Code:  DIV
   TIDM:           SWEF
   LEI Code:       5493004YMVUQ9Z7JGZ50
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   232157
   EQS News ID:    1589415


    
   End of Announcement EQS News Service

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