Regulatory Story
Go to market news section View chart   Print

First Interim Dividend

Released 12:47 12-Jun-2019

RNS Number : 9963B
Aberdeen Standard Eur Lgstc Inc PLC
12 June 2019

Aberdeen Standard European Logistics Income PLC (LSE: ASLI) (the "Company")



12 June 2019


Declaration of First Interim Dividend


The Directors have today declared a first interim dividend of 1.41 euro cents (equivalent to 1.27 pence) per Ordinary share, in respect of the year ending 31 December 2019. This first interim dividend will be paid in sterling on 10 July 2019 to Ordinary shareholders on the register on 21 June 2019 (ex-dividend date of 20 June 2019).


The intention remains to target a distribution level of 5% for an investor at launch in Euro terms. The Company's stated policy at launch was to engage, where appropriate, in currency hedging to seek to mitigate the potential volatility of income returns from the portfolio in sterling terms and to provide greater certainty as to the level of sterling distributions; but it does not seek to provide a long-term hedge for the Company's income returns, which will continue to be affected by movements in the euro/sterling exchange rate over the longer term, nor does it seek to undertake currency hedging in respect of the capital value of the portfolio. The Company has entered into an FX hedge to fix the exchange rate at which a full year's euro distributions will be converted to sterling to effect payments at a rate of €1:£0.8985.


The Company intends to declare quarterly interim dividends to Shareholders, with dividends declared in respect of the quarters ending on the following dates: 31 March, 30 June, 30 September and 31 December in each year.


Any such dividend payment to Shareholders may take the form of either dividend income or "qualifying interest income" which may be designated as an interest distribution for UK tax purposes and therefore subject to the interest streaming regime applicable to investments trusts.


Of this first interim dividend declared of 1.27 pence per Ordinary share, 0.94 pence is declared as dividend income with 0.33 pence treated as qualifying interest income.


Details of the Company may be found on the Company's website at:


For further information:

Aberdeen Standard Fund Managers Limited

0207 463 6000

William Hemmings

Gary Jones


Canaccord Genuity Limited

0207 523 8000

Will Barnett

Neil Brierley

Dominic Waters

David Yovichic

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 or visit

London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.


First Interim Dividend - RNS