The MedicX Fund Limited Scrip Dividend Declaration (6083R)

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RNS Number : 6083R

The MedicX Fund Limited

12 December 2016

For immediate release

12 December 2016

MedicX Fund Limited

("MedicX Fund", "the Fund" or "the Company")

Scrip Dividend Declaration

MedicX Fund (LSE: MXF) announces that, pursuant to its scrip dividend scheme (the "Scrip Dividend Alternative"), elections were received in respect of 6.4 per cent. of the ordinary shares in issue as at the record date of 18 November 2016. Electing shareholders will receive ordinary shares of no par value in the Company ("Shares") in lieu of receiving cash for the December 2016 dividend in respect of the quarter ended 30 September 2016. Accordingly, 402,011 Shares will be sold out of treasury by the Company on 30 December 2016 to shareholders who elected to participate in the Scrip Dividend Alternative.

The Shares will rank pari passu with the existing ordinary shares.

Following the transaction, the Company is expected to have 405,152,182 ordinary shares in issue, of which 7,783,327 will be held in treasury and has 13,081,109 ordinary shares of no par value remaining under its block listing facility. Accordingly the total voting rights in issue will be 397,368,855.

Copies of the documents relating to the Scrip Dividend Alternative are available for inspection through the National Storage Mechanism (http://www.morningstar.co.uk/uk/NSM).

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For further information please contact:

   MedicX Fund                                                                  [phone] 

David Staples, Chairman

   Octopus Healthcare Group                                               [phone] 

Mike Adams, Chief Executive Officer

Buchanan [phone]

Charles Ryland/Victoria Hayns

Information on MedicX Fund Limited

MedicX Fund Limited ("MXF", "the Fund" or "the Company", or together with its subsidiaries, "the Group") is the specialist primary care infrastructure investor in modern, purpose-built primary healthcare properties in the United Kingdom and Ireland, listed on the London Stock Exchange, with a portfolio comprising 153 properties.

The Investment Adviser to the Company is Octopus Healthcare Adviser Ltd, which is part of the Octopus Healthcare group. Octopus Healthcare invests in and develops properties as well as creating partnerships to deliver innovative healthcare buildings to improve the health, wealth and wellbeing of the UK. It currently manages over GBP1 billion of healthcare investments across a number of platforms, with a focus on four core areas: GP surgeries, care homes, retirement housing and private hospitals. Octopus Healthcare is part of the Octopus group, a fast-growing UK fund management business with leading positions in several specialist sectors including healthcare property, energy, property finance and smaller company investing. Octopus manages GBP6 billion of funds for more than 50,000 retail and institutional investors.

Octopus Healthcare Adviser Ltd is authorised and regulated by the Financial Conduct Authority.

The Company's website address is www.medicxfund.com. Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website), nor the contents of any website accessible from hyperlinks within this announcement, are incorporated into, or forms part of, this announcement.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 12, 2016 10:14 ET (15:14 GMT)