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SIR Secure Income Reit Plc

461.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Secure Income Reit Plc LSE:SIR London Ordinary Share GB00BLMQ9L68 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 461.00 461.00 461.50 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Secure Income REIT PLC Quarterly dividend declaration (8318C)

22/10/2020 7:00am

UK Regulatory


Secure Income Reit (LSE:SIR)
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From Mar 2019 to Mar 2024

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TIDMSIR

RNS Number : 8318C

Secure Income REIT PLC

22 October 2020

22 October 2020

Secure Income REIT Plc (AIM:SIR)

(the "Company")

Quarterly dividend declaration

The Board of Secure Income REIT Plc, the specialist long term income REIT, today declares an interim quarterly dividend of 3.65 pence per share in respect of the year ending 31 December 2020. This is consistent with the guidance included in the Company's announcement of 23 July 2020.

As announced in July, the Company had a total cash balance of GBP241 million at 30 June 2020 and this liquidity buffer has allowed it to provide support to its tenants without compromising the strength of its balance sheet. The various measures the Company has taken to assist those tenants whose businesses were closed during the Covid-19 lockdown have been previously announced and, as a result of these measures, the Company's cash rent receipts will be temporarily reduced in the 2020 and 2021 financial years. Under the terms of the rent concessions, the Company's total rents are expected to return to their originally contracted levels by 1 January 2022. While the level of support extended to tenants means that maintenance of the core dividend results in its partial funding from the Company's cash reserves, the Board considers maintaining payment of core dividends to be appropriate in the current circumstances.

Dividends will be payable on 27 November 2020 to shareholders on the register on 30 October 2020 and the ex-dividend date will be 29 October 2020. The dividend will be paid as a Property Income Distribution in respect of the Company's tax-exempt property rental business.

For further information on the Company, please contact:

 
 Secure Income REIT Plc            +44 20 7647 7647 
 Nick Leslau                       Enquiries@SecureIncomeREIT.co.uk 
 Mike Brown 
 Sandy Gumm 
 
 
 
 Stifel Nicolaus Europe Limited 
  (Nominated Adviser)               +44 20 7710 7600 
 Stewart Wallace                   StifelSecureIncomereit@Stifel.com 
 
 
 
 
 
 FTI Consulting                     +44 20 3727 1000 
  (PR Adviser)                       SecureIncomeREIT@fticonsulting.com 
  Dido Laurimore 
  Claire Turvey 
  Eve Kirmatzis 
 
 

The Company's LEI is 213800M1VI451RU17H40.

Further information on Secure Income REIT plc is available at www.SecureIncomeREIT.co.uk.

Dividend withholding tax deductions

Shareholders entitled to elect to receive distributions without deduction for withholding tax should complete the declaration form which is available in the Investor Centre of the Company's website, www.SecureIncomeREIT.co.uk. Alternatively, the form may be requested by email to Enquiries@SecureIncomeREIT.co.uk or by writing to the Company Secretary, Secure Income REIT Plc, Cavendish House, 18 Cavendish Square, London W1G 0PJ. Shareholders who qualify for gross payments are, principally, UK resident companies, certain UK public bodies, UK charities, UK pension schemes and the managers of ISAs, PEPs and Child Trust Funds, in each case subject to certain conditions. Individuals and non-UK residents do not qualify for gross payments of distributions and should not complete the declaration form.

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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(END) Dow Jones Newswires

October 22, 2020 02:00 ET (06:00 GMT)

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