Tritax Big Box REIT plc Dividend Declaration (8735G)

TIDMBBOX

RNS Number : 8735G

Tritax Big Box REIT plc

11 August 2016

11 August 2016

TRITAX BIG BOX REIT PLC

(the "Company")

DIVIDEND DECLARATION AND DIVIDEND POLICY

The Board of Directors of Tritax Big Box REIT plc (ticker: BBOX) has today declared an interim dividend in respect of the period from 1 January 2016 to 30 June 2016 of 3.10 pence per ordinary share, payable on or around 25 August 2016 to shareholders on the register on 19 August 2016. The ex-dividend date will be 18 August 2016.

This interim dividend will be a Property Income Distribution ("PID").

The Company is targeting a fully covered aggregate dividend of 6.20 pence per ordinary share for the year ending 31 December 2016(1) .

The Board also announces its intention to increase the frequency of dividend payments from semi-annually to quarterly with effect from the financial year beginning 1 January 2017. This reflects feedback from shareholders and recent market practice amongst the Company's peer group of income focused real estate companies.

Note:

(1) The target dividend is a target only and not a forecast. There can be no assurance that the target will be met and it should not be taken as an indication of the Company's expected or actual future results.

For further information, please contact:

 
  Tritax Group               via Newgate below 
    Colin Godfrey (Partner, 
    Fund Manager) 
 
   Newgate (PR Adviser)       Tel: [phone] 
    James Benjamin             Email: [e-mail] 
    Zoe Pocock 
    Alex Shilov 
    Lydia Thompson 
 
   Jefferies International    Tel: [phone] 
    Limited 
    Gary Gould 
    Stuart Klein 
 
   Akur Limited               Tel: [phone] 
    Anthony Richardson 
    Tom Frost 
    Siobhan Sergeant 
 

NOTES:

Tritax Big Box REIT plc is the only listed vehicle to give pure exposure to the "Big Box" logistics asset class in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and managing both standing and pre-let forward funded development assets, the Company focuses on well-located, modern "Big Box" logistics assets, typically greater than 500,000 sq. ft., let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews and geographic and tenant diversification throughout the UK. The Company seeks to exploit the significant opportunity in this sub-sector of the UK logistics market owing to strong tenant demand and limited stock supply.

The Company is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies ("REIT"), is listed on the premium segment of the Official List of the UK Financial Conduct Authority and is a constituent of the FTSE 250, FTSE EPRA/NAREIT and MSCI indices.

Further information on Tritax Big Box REIT is available at www.tritaxbigbox.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

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August 11, 2016 02:01 ET (06:01 GMT)