REG - Supermarket Inc REIT - Dividend Declaration

Supermarket Income REITAnnouncement

03/10/2024 07:00

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RNS Number : 7084G  Supermarket Income REIT PLC  03 October 2024

3 October 2024

 

SUPERMARKET INCOME REIT PLC 

(the "Company") 

 

DIVIDEND DECLARATION

  

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust
with secure, inflation-linked, long-dated income from grocery property, has
today declared an interim dividend in respect of the period from 1 July 2024
to 30 September 2024 of 1.53 pence per ordinary share (the "First Quarterly
Dividend").

The First Quarterly Dividend will be paid on or around 15 November 2024 as a
Property Income Distribution ("PID") in respect of the Company's tax-exempt
property rental business to shareholders on the register as of 11 October
2024. The ex-dividend date will be 10 October 2024.

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.

 

 FOR FURTHER INFORMATION                                                                                                  

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

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

 Goldman Sachs International                                                                                             +44 (0)20 7774 1000

 Tom Hartley / Hannah Mackey
                                                                                                                          
 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 feed the nation infrastructure. The Company focuses on grocery stores
which are omnichannel, fulfilling online and in-person sales. The Company's
supermarkets are let to leading supermarket operators in the UK and Europe,
diversified by both tenant and geography. 

 

The Company's assets earn long-dated, secure, inflation-linked, growing
income. The Company targets a progressive dividend and the potential for
capital appreciation over the longer term.

 

The Company is listed on the Closed-ended investment funds category of the
FCA's Official List and its Ordinary Shares are traded on the LSE's Main
Market.

 

 

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/)
 

 

LEI: 2138007FOINJKAM7L537 

 

 

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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