Ediston Property Inv Comp PLC Interim Dividend & Rent Collection Update (2358V)

TIDMEPIC

RNS Number : 2358V

Ediston Property Inv Comp PLC

06 August 2020

06 August 2020

Ediston Property Investment Company plc

(LEI: 213800JRL87EGX9TUI28)

Announcement of Interim Dividend & Rent Collection Update

Declaration of Interim Dividend

The Company declares its interim dividend (property income distribution) payment in respect of the period from 1 July to 31 July 2020 of 0.3333 pence per share, as timetabled below:

 
 Ex-Dividend    13 August 2020 
  Date: 
 Record Date:   14 August 2020 
 Pay Date:      28 August 2020 
 

This monthly dividend of 0.3333 pence per share equates to an annualised dividend level of 4.00 pence per share and is unchanged from the previous dividend declared on 8 July.

Quarter 3 rent collection update

Rent collection for the quarter has progressed in line with previous forecasts, with the monthly rent payers continuing to meet commitments. As at 5 August 80.5% of the rent due by 1 August has been collected. The Company will have collected 90.4% of rent due for the quarter ending 30 September 2020 if the tenants who paid monthly for July and August continue to make payments for September. On this basis, the current dividend level would be 130% covered by rent collected (less expenses) for quarter three and potentially as high as 140%, after taking into account deferred rent covered by payment plans.

End

 
 Enquiries 
 
 Will Barnett      *    Investec Bank plc                      0207 597 5873 
 
 Calum Bruce       *    Ediston Investment Services Limited    0131 225 5599 
 
 Ruth Wright       *    JTC                                    0203 893 1011 
 
 Ben Robinson      *    Kaso Legg Communications               0203 995 6672 
 Stephanie 
  Ross             *    Kaso Legg Communications               0203 995 6676 
 

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August 06, 2020 02:00 ET (06:00 GMT)