The MedicX Fund Limited Publication of Circular - Scrip Dividend Scheme (9269O)

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RNS Number : 9269O

The MedicX Fund Limited

22 May 2018

For immediate release

22 May 2018

MedicX Fund Limited

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

Publication of Circular to Shareholders - Scrip Dividend Scheme

On 1 May 2018, the Board of MedicX Fund Limited announced:

(a) that a quarterly dividend of 1.51p per Ordinary Share had been approved in respect of the period 1 January 2018 to 31 March 2018, payable on 29 June 2018 to Shareholders on the register as at close of business on 18 May 2018 (the "June 2018 Dividend"); (b) the quarterly dividend will comprise 50% (0.755p) Property Income Distribution ("PID") and 50% ordinary dividend (0.755p); and (c) that Shareholders would be offered the opportunity to take up new Ordinary Shares ("Scrip Shares") instead of cash in respect of that dividend, subject to certain terms and conditions, by participating in the Scrip Dividend Scheme (the "Scheme").

Accordingly, the Board is now pleased to offer qualifying Shareholders the opportunity to receive the June 2018 Dividend in Scrip Shares (the "Scrip Dividend Alternative") instead of in cash.

The Company posted today, to Shareholders new to the Company since on or after 17 February 2018, a letter from the Chairman and a copy of the Scheme Document setting out the detailed terms and conditions of the Scheme (together the "Circular"). This correspondence was also send in hard copy form to those Shareholders who have elected to receive correspondence by post and a link to these documents was e-mailed to those Shareholders who have elected and notified the Company that they wish to receive electronic communications. Other Shareholders who have deemed to have consented to electronic communications via the Company's website can view or download the latest Circular which can be found on the following link: http://www.medicxfund.com/investors/scrip-dividend-scheme.

Certificated Shareholders who wish to elect for the Scrip Dividend Alternative can do so online at https://www.signalshares.com or a Mandate Form can be obtained by contacting the Company's registrar, Link Asset Services on 0371 664 0321*. Uncertificated Shareholders can make an election via the CREST system.

Scrip dividends are attractive to many shareholders because they enable them to increase their holding in the Company in a simple manner without incurring any dealing costs or stamp duty. At the same time, the Company will retain more cash in its business which would otherwise be paid as a dividend. Shareholders are encouraged to review the details of the Scheme and the associated documents, which may be found on the Company website as detailed above, or alternatively may be viewed through the National Storage Mechanism (www.morningstar.co.uk/uk/nsm).

The price at which the June 2018 Dividend will be converted into Scrip Shares (the "Scrip Calculation Price") will be announced to the London Stock Exchange by 24 May 2018. This announcement (together with details of the Scheme) will also appear on the Company's website www.medicxfund.com. The Scrip Calculation Price is the average of the closing middle market quotations of an Ordinary Share, derived from the London Stock Exchange Daily Official List, for the five consecutive business days commencing on the Ex-dividend Date.

If qualifying Shareholders wish to elect to participate in the Scrip Dividend Alternative in relation to the June 2018 Dividend their election, Mandate Form (or relevant CREST election) must be received by Link Asset Services by no later than 5.00 p.m. on 8 June 2018 (the "Delivery Deadline"). Shareholders should refer to the Circular for the full terms and conditions of the Scheme and the election procedure for certificated and uncertificated Shareholders. Mandate Forms remain valid for all Relevant Dividends where a Scrip Dividend Alternative is offered, until cancelled.

A copy of the Circular has been submitted to the Financial Conduct Authority and is available for inspection through the National Storage Mechanism (www.morningstar.co.uk/uk/nsm).

Calls are charged at the standard geographic rate and will vary by provider. Calls outside the United Kingdom will be charged at the applicable international rate. The helpline is open between 9.00 am - 5.30 pm, Monday to Friday excluding public holidays in England and Wales. Please note that Link Asset Services cannot provide any financial, legal or tax advice and calls may be recorded and monitored for security and training purposes.

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For further information please contact:

   Octopus Healthcare Adviser Ltd                                        [phone] 
   Octopus Healthcare Group                                             [phone] 

Mike Adams, Chief Executive Officer

   Buchanan                                                                      [phone] 

Charles Ryland/Henry Wilson

Information on MedicX Fund Limited

MedicX Fund Limited ("MXF", "MedicX Fund", 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 154 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 GBP1.4 billion of healthcare investments across a number of platforms, with a focus on five core areas: GP surgeries, care homes, special education schools, 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 GBP7.7 billion of funds for more than 50,000 retail and institutional investors as well as supplying energy to more than 180,000 customers

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.

The Company's Legal Entity Identifier is 2138008POF35FTNFCB25.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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May 22, 2018 11:24 ET (15:24 GMT)