Yew Grove REIT PLC Second Quarter Interim Dividend Confirmation (5403D)

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RNS Number : 5403D

Yew Grove REIT PLC

26 June 2019

Yew Grove REIT plc

("Yew Grove REIT" or the "Company")

Second Quarter Interim Dividend Confirmation

Yew Grove REIT plc (LSE: YEW, Euronext: YEW), which owns a diversified portfolio of Irish commercial property assets, announces that the Board of Directors has approved the payment of an interim ordinary dividend in respect of the period from 1 April 2019 to 25 June 2019 of 1.37 cents per ordinary share, and a special dividend of 1.86 cents per ordinary share. The special dividend is paid from a recent lease surrender agreement at its property located in Cork Airport Business Park. These dividends will be paid (or CREST accounts credited) on 24 July 2019 to shareholders on the register on 5 July 2019 with a corresponding ex-dividend date of 4 July 2019. The Property Income Distribution ("PID") element of this interim ordinary dividend is 1.37 cents per ordinary share, and for the special dividend is 1.86 cents per ordinary share.

This interim ordinary dividend is consistent with the Company's target of paying a sustainable quarterly dividend out of net income and brings the total aggregate year to date dividend distribution per ordinary share to 4.33 cents.

Enquiries:

 
 Yew Grove REIT plc                   [phone] 
 Jonathan Laredo, Chief Executive 
 Charles Peach, Chief Financial 
  Officer 
 Michael Gibbons, Chief Investment 
  Officer 
 
 Investec Bank plc 
 Joint Broker & NOMAD                 [phone] 
 David Anderson, Darren Vickers, 
  Cassie Herlihy 
 
   Joint Broker & Euronext Growth 
   Advisor                              [phone] 
 Tommy Conway, Eoin Kennedy 
 
 Goodbody Stockbrokers UC             [phone] 
 Joint Broker 
 David Kearney, Joe Gill, John 
  Flynn, Richard Tunney 
 
 IFC Advisory                         [phone] 
 Financial PR                         [e-mail] 
 Tim Metcalfe, Heather Armstrong 
 

Notes to editors:

Yew Grove REIT is an Irish commercial real estate company invested in a diversified portfolio of Irish commercial property, with a particular focus on well-tenanted commercial real estate assets comprising office and industrial assets let to Irish government entities and other state bodies, IDA Ireland supported and other FDI companies, and larger corporates.

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June 26, 2019 10:05 ET (14:05 GMT)