REG - Supermarket Inc REIT - Dividend Declaration

Supermarket Income REITAnnouncement

08/07/2022 12:45

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RNS Number : 8737R  Supermarket Income REIT PLC  08 July 2022

8 July 2022

 

SUPERMARKET INCOME REIT PLC 

(the "Company") 

LEI: 2138007FOINJKAM7L537 

 

DIVIDEND DECLARATION

  

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 April 2022 to 30 June 2022 of 1.485
pence per ordinary share, payable on or around 22 August 2022 (the "Interim
Dividend"). The ex-dividend date will be 14 July 2022 with a record date
of 15 July 2022. The dividend will comprise a Property Income Distribution
("PID") of 0.7285 pence per share and an ordinary dividend of 0.7565
pence per share.

The Company has now declared four quarterly dividends totalling 5.94
pence per ordinary share for the financial year ended 30 June 2022,
achieving the Company's full-year dividend target.

Eligible shareholders can elect to receive new ordinary shares in the Company
in lieu of a cash dividend (the "Scrip Dividend Alternative"). The Scrip
Dividend Alternative price is to be calculated using the average of the
closing middle market quotations for an ordinary share, as derived from the
Daily Official List of the London Stock Exchange, for the five consecutive
business days commencing on the ex-dividend date and will be announced by the
Company and detailed on the Company's website on 29 July 2021.

Any shareholders wishing to take up the Scrip Dividend Alternative will have
until 5pm on 5 August 2022 either to return their completed mandate form
to the Company registrar, Link Group, at Corporate Actions,
10th Floor, Central Square, 29 Wellington Street, Leeds, LS1 4DL (in the
case of shareholdings in certificated form) or to take the necessary action
via the CREST system (in the case of shareholdings in uncertificated form).

Further details of the Scheme, including the Scrip Dividend Circular and
Mandate Form, are available to view and download on the Company's website
at: https://www.supermarketincomereit.com/dividend-information
(https://www.supermarketincomereit.com/dividend-information)

The Scrip Dividend Circular is also available for inspection at the National
Storage Mechanism: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

In addition and in accordance with section 838 of the Companies Act 2006,
Interim Accounts of the Company covering the period 1 July 2021 to 31
December 2021 have been prepared to support the payment of interim dividends
to the Ordinary shareholders of the Company.

 

 

 FOR FURTHER INFORMATION                                                                           
 Atrato Capital Limited                                                                           +44 (0)20 3790 8087 
                                  
 Steven Noble / Rob Abraham / Carcie Rogers                                                       ir@atratocapital.com (mailto:ir@atratocapital.com)   

 Stifel Nicolaus Europe Limited                                                                   +44 (0)20 7710 7600 
 Mark Young / Matt Blawat / Rajpal Padam                                                           
                                                                                                   
 FTI Consulting                                                                                   +44 (0)20 3727 1000 

  
 Dido Laurimore / Eve Kirmatzis / Andrew Davis                                                    SupermarketIncomeREIT@fticonsulting.com
                                                                                                  (mailto: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 69 supermarkets((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 every year
since IPO.

 

The Company is listed on the premium segment of the Official List of the UK
Financial Conduct Authority and its Ordinary Shares are traded on the Main
Market of the London Stock Exchange, having listed initially on the
Specialist Fund Segment of the Main Market on 21 July 2017.

Atrato Capital Limited is the Company's Investment Adviser. 

 

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

1. 43 directly owned supermarkets, plus 26 via joint venture.  Please note
that it was announced in January 2022 that Sainsbury's exercised its options
to acquire a total of 21 of the 26 stores in the portfolio

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

 

 

 

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