BB Healthcare Trust PLC Statement re Target total dividend (4290J)

TIDMBBH

RNS Number : 4290J

BB Healthcare Trust PLC

04 December 2018

BB Healthcare Trust plc (the "Company")

LEI: 213800HQ3J3H9YF2UI82

Statement re: Target total dividend for the financial year ending 30 November 2019

As stated in the Company's IPO prospectus and in the Company's prospectus dated 5 November 2018, the Company aims to target a dividend each financial year equal to 3.5 per cent of the Net Asset Value as at the last day of the Company's preceding financial year.

The Company intends to pay dividends on a semi-annual basis, by way of two equal dividends, with dividends declared in July and paid in August and proposed in February / March and paid in March / April in each year.

For the financial year ended 30 November 2018, the second financial period of the Company, the Company paid an interim dividend of 2.0p per ordinary share in August 2018 and in due course the Board is intending to propose a final dividend of 2.0p per ordinary share.

For the financial year ending 30 November 2019, the target total dividend will be 4.85p per ordinary share, this being 3.5 per cent of the unaudited net asset value per ordinary share of 138.71p per ordinary share (including current financial year revenue items) as at 30 November 2018. The Board intends to declare an interim dividend of 2.425p per ordinary share, being half of the target total dividend for the financial year ending 30 November 2019, in July 2019 and intends to pay this dividend in August 2019. The Board intends to propose a final dividend of 2.425p per ordinary share for the financial year ending 30 November 2019, in February / March 2020 and intends to pay this dividend in March / April 2020.

The Company pays dividends from a combination of available net income during the financial year and other reserves. It is currently anticipated that most of the target dividend for the financial year ending 30 November 2019 will be financed from other reserves of the Company. This announcement of a target dividend for the financial year ending 30 November 2019 should not be taken to imply a profit forecast by the Company.

Enquiries:

Claude Mikkelsen

Bellevue Advisors Limited

Mobile: [phone]

Anthony Lee / Ciara McKillop

Company Secretary

PraxisIFM Fund Services (UK) Limited

Tel: [phone]

4 December 2018

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December 04, 2018 12:27 ET (17:27 GMT)