Drum Income Plus REIT PLC Dividend Declaration (7818G)

TIDMDRIP

RNS Number : 7818G

Drum Income Plus REIT PLC

26 July 2019

26 July 2019

LEI: 213800FG3PJGQ3KQH756

Drum Income Plus REIT plc

("Drum" or the "Company")

Dividend Declaration

The Company announces an interim dividend of 1.5p per share in respect of the quarter ended 30 June 2019, the same level as the dividend paid in respect of the same period last year. The whole of the dividend will be designated as an interim property income distribution. This dividend will be paid on 23 August 2019 to shareholders on the register as at 9 August 2019. The ex-dividend date will be 8 August 2019.

The Board is targeting fully covered aggregate quarterly dividends of at least 6.0p per share in respect of the year ending 30 September 2019*. At the current share price of 80.5p this would represent an annualised dividend yield of 7.5%.

*Target returns only and not a profit forecast. There can be no assurance that these targets will be met and they should not be taken as an indication of expected or actual current or future results.

Enquiries:

 
Drum Real Estate Investment Management (Investment Manager) 
Bryan Sherriff                                                      0131 285 0050 
Cantor Fitzgerald Europe (Financial Adviser and Corporate Broker) 
Robert Peel (Corporate Finance)                                     020 7894 7719 
Richard Sloss (Sales)                                               0131 257 4626 
Dickson Minto W.S. (Sponsor) 
Douglas Armstrong                                                   020 7649 6823 
Drum Income Plus REIT plc 
George Bayer, Company Secretary                                      01245 398984 
Weber Shandwick (Financial PR) 
Richard Bright                                                      0131 556 6649 
Nick Oborne                                                         020 7067 0721 
 

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July 26, 2019 02:00 ET (06:00 GMT)