REG - Supermarket Inc REIT - Dividend Declaration And Dividend Target Increase

Supermarket Income REITAnnouncement

17/09/2020 07:00

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RNS Number : 2329Z  Supermarket Income REIT PLC  17 September 2020

SUPERMARKET INCOME REIT

(the "Company")

LEI: 2138007FOINJKAM7L537

Dividend declaration AND DIVIDEND TARGET INCREASE

The Board of Directors of Supermarket Income REIT plc (LSE: SUPR), the real
estate investment trust providing secure, inflation-protected, long income
from grocery property in the UK, has today declared an interim dividend in
respect of the period from 1 July 2020 to 30 September 2020 of 1.465 pence
per ordinary share, payable on or around 16 October 2020 (the "First Quarterly
Dividend").

The Company is pleased to announce an increase to the dividend target for the
financial year ending 30 June 2021. The dividend target has been increased in
line with June 2020 RPI inflation resulting in a new annual dividend target of
5.86 pence per Ordinary Share.

The First Quarterly Dividend will be paid as a Property Income Distribution
("PID") in respect of the Company's tax-exempt property rental business to
ordinary shareholders on the register on 25 September 2020. The ex-dividend
date will be 24 September 2020.

KEY DATES:

 Dividend Announcement Date  17 September 2020
 Ex-dividend Date            24 September 2020
 Record Date                 25 September 2020
 Dividend Payment Date       16 October 2020 (on or around)

 

 FOR FURTHER INFORMATION:

 Atrato Capital
 Limited
 Ben Green / Steve Windsor / Steve Noble                                                              IR@atratocapital.com (mailto:IR@atratocapital.com)

 Stifel Nicolaus Europe Limited                                                                       +44 (0)20 7710 7600
 Mark Young / Matt Blawat

 FTI Consulting                                                                                       +44 (0)20 3727 1000

 Dido Laurimore / Eve Kirmatzis / Andrew Davis                                                        SupermarketIncomeREIT@fticonsulting.com

 

NOTES TO EDITORS:

Supermarket Income REIT plc (LSE: SUPR) is a real estate investment trust
dedicated to investing in grocery properties which are an essential part of
the UK's feed the nation infrastructure. The Company focuses on grocery stores
which are omnichannel, fulfilling online and in-person sales. All of the
Company's 45 properties((1)) are let to leading UK supermarket operators,
diversified by both tenant and geography.

The Company provides investors with attractive, long-dated, secure,
inflation-linked, growing income with the potential for capital appreciation
over the longer term and targets a 7% to 10% p.a. total shareholder return
over the medium term((2)). The Company has increased its dividend target in
line with UK RPI inflation each year.

The Company's ordinary shares were admitted to trading on the Specialist Fund
Segment of the London Stock Exchange's Main Market for listed securities on 21
July 2017.

Atrato Capital is the Company's Investment Adviser.

Further information is available on the Company's website
www.supermarketincomereit.com (http://www.supermarketincomereit.com)

(1)   19 direct properties, plus 26 via joint venture

(2)   There is no certainty that these illustrative projections will be
achieved

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