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AEW UK Long Lease REIT PLC   -  AEWL   

Dividend Declaration and Update

Released 10:49 09-May-2019

RNS Number : 5194Y
AEW UK Long Lease REIT PLC
09 May 2019
 

AEW UK Long Lease REIT plc ("AEWL" or "the Group")

LEI: 213800MPBIJS12Q88F71

9 May 2019

QUARTERLY DIVIDEND DECLARATION AND UPDATE ON MERIDIAN METAL TRADING LTD

The Board of AEW UK Long Lease REIT plc (LSE: AEWL) (the "Group"), which owns a diversified portfolio of 19 regional UK commercial property assets, is pleased to declare today an interim quarterly dividend in respect of the period from 1 January to 31 March 2019 of 1.375 pence per ordinary share, payable on 31 May 2019 to shareholders on the register at 17 May 2019.  The ex-dividend date will be 16 May 2019. 

All of the dividend of 1.375 pence per share will all be designated as a property income distribution ("PID").

Further to the announcement on 3rd April 2019, the Group has been notified that the assets and business of Meridian Metal Trading Ltd ("MMT"), a tenant of the Group, have been acquired out of Administration by Meridian Steel Limited, part of the DITH Group.  The DITH Group, Duferco International Trading Holding SA, are headquartered in Luxembourg with a main operating base in Lugano, Switzerland.  Further details regarding the arrangements for the three assets previously leased to MMT will be made in due course.

- ENDS -

Enquiries

AEW UK


Alex Short

alex.short@eu.aew.com

+44(0) 20 7016 4848

 

Nicki Gladstone

Nicki.Gladstone-ext@eu.aew.com


+44(0) 771 140 1021

 

Cenkos Securities plc


Tom Scrivens

Sapna Shah

+44(0) 207 397 1915

+44(0) 207 397 1922

 



TB Cardew

aew@tbcardew.com

Ed Orlebar

Emma Crawshaw

+44(0) 7738 724 630

+44(0) 7971 468 308

 

Notes to Editors

About AEW UK Long Lease REIT (www.aewukllreit.com)

AEW UK Long Lease REIT plc (LSE: AEWL) aims to generate a sustainable, secure and predictable income return, whilst at least maintaining capital values in real terms, by investing in a diversified portfolio of UK properties, with an attractive entry yield, predominately in alternative and specialist sectors. It will invest in a diverse range of sectors that are underrepresented in institutional portfolios including leisure, healthcare, education, hotels, student accommodation, supported living and automotive. At least 85% of the gross passing rent from the portfolio's leases will contain inflation linked rent reviews, and average initial unexpired leases in excess of 18 years at the time of investment.

 

About AEW UK Investment Management LLP (www.aewuk.co.uk )                 

AEW UK Investment Management LLP employs a well-resourced team comprising 26 individuals covering investment, asset management, operations and strategy. It is part of AEW Group, one of the world's largest real estate managers, with just over €65.4bn of assets under management globally as at 31 December 2018. The AEW Group comprises AEW SA in Europe and AEW Capital Management L.P. in the US and their respective subsidiaries as well as AEW UK Investment Management LLP. In Europe, as at 31 December 2018, AEW Group managed €31.4bn in value in properties of all types located in 16 countries, with over 400 staff located in 9 offices. The Investment Manager is a 50:50 joint venture between the principals of the Investment Manager and AEW.


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Dividend Declaration and Update - RNS