REG - Supermarket Inc REIT - Dividend Declaration

Supermarket Income REITAnnouncement

05/10/2023 07:00

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RNS Number : 7345O  Supermarket Income REIT PLC  05 October 2023

5 October 2023

 

SUPERMARKET INCOME REIT PLC 

(the "Company") 

LEI: 2138007FOINJKAM7L537 

 

DIVIDEND DECLARATION

  

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust
providing secure, inflation-linked, long income from grocery property in the
UK, has today declared an interim dividend in respect of the period from 1
July 2023 to 30 September 2023 of 1.515 pence per ordinary share (the "First
Quarterly Dividend").

The First Quarterly Dividend will be paid on or around 16 November 2023 as a
Property Income Distribution ("PID") in respect of the Company's tax-exempt
property rental business to shareholders on the register as of 13 October
2023. The ex-dividend date will be 12 October 2023.

As the Company's ordinary shares are currently trading at a discount to the
published EPRA Net Tangible Assets per share, the board of directors of the
Company (the "Board") believes that it is not in the best interests of
shareholders to offer the scrip dividend alternative, under which shareholders
would have been able to elect to receive new ordinary shares in lieu of the
cash dividend (the "Scrip Dividend Alternative"). The Board has therefore
exercised its discretion to suspend the Scrip Dividend Alternative in respect
of the First Quarterly Dividend.

All shareholders who are entitled to receive the First Quarterly Dividend will
therefore receive it in cash.

The Board will keep under consideration the offer of a scrip dividend
alternative in respect of future quarterly dividends.

In accordance with section 838 of the Companies Act 2006, accounts have been
prepared in order to support the payment of the interim dividend to the
ordinary shareholders of the Company.

 

 FOR FURTHER INFORMATION                                                                                                  

 Atrato Capital                                                                                                          +44 (0)20 3790 8087 
 Limited                                    
 Steve Noble / Rob Abraham / Chris McMahon                                                                               ir@atratocapital.com (mailto:ir@atratocapital.com)   

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

 Goldman Sachs International                                                                                             +44 (0)20 7774 1000

 Jimmy Bastock / Tom Hartley
                                                                                                                          
 FTI                                                                                                                     +44 (0)20 3727 1000 
 Consulting                                                    
 Dido Laurimore / Eve Kirmatzis / Andrew                                                                                 SupermarketIncomeREIT@fticonsulting.com
 Davis                                                                                                                   (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 supermarkets 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.

 

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/)
 

  

Stifel Nicolaus Europe Limited, which is authorised and regulated in the
United Kingdom by the Financial Conduct Authority, is acting exclusively for
Supermarket Income REIT plc and no one else in connection with this
announcement and will not be responsible to anyone other than the Company for
providing the protections afforded to clients of Stifel Nicolaus Europe
Limited nor for providing advice in connection with the matters referred to in
this announcement.

Goldman Sachs International, which is authorised by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and the Prudential
Regulation Authority in the United Kingdom, is acting exclusively for
Supermarket Income REIT plc and no one else in connection with this
announcement and will not be responsible to anyone other than the Company for
providing the protections afforded to clients of Goldman Sachs International
nor for providing advice in connection with the matters referred to in this
announcement.

 

 

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