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Real Estate Investors PLC   -  RLE   

Q3 Dividend Declaration

Released 16:06 06-Dec-2019

RNS Number : 1025W
Real Estate Investors PLC
06 December 2019
 

 

 

6 December 2019

Real Estate Investors Plc

("REI" or the "Company")

 

Q3 Dividend Declaration

 

Real Estate Investors Plc (AIM:RLE), the London Stock Exchange listed Real Estate Investment Trust (REIT) with a portfolio of 1.53 million sq ft of commercial property in the Midlands property market across all sectors, is pleased to announce that in accordance with its progressive dividend policy, REI will pay a Q3 dividend of 0.9375 pence per share for the period 1 July 2019 to 30 September 2019.  The payment will be made on 24 January 2020 to all shareholders on the register as at 3 January 2020.  The ex-dividend date will be 2 January 2020.  This dividend will be a non-Property Income Distribution (non-PID).

 

 

 

 

 

Enquiries:

 

Real Estate Investors Plc

Paul Bassi/Marcus Daly

 

 

 

+44 (0)121 212 3446

Cenkos Securities

Azhic Basirov/Katy Birkin

 

 

+44 (0)20 7397 8900

Liberum

Jamie Richards/William Hall

 

 

+44 (0)20 3100 2000

Allenby Capital

Nick Naylor/Asha Chotai

 

 

+44 (0)20 3328 5656

Novella Communications

Tim Robertson/Fergus Young

 

 

+44 (0)20 3151 7008

 

About Real Estate Investors Plc

 

Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of 1.55 million sq ft of commercial property, managed by a highly-experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors.

 

The Company's strategy is to invest in well located, real estate assets in the established and proven markets of central Birmingham and the Midlands, with income and capital growth potential, realisable through active portfolio management, refurbishment, change of use and lettings.  The portfolio has no material reliance on a single asset or occupier.

 

On 1st January 2015, the Company converted to a REIT. Real Estate Investment Trusts are listed property investment companies or groups not liable to corporation tax on their rental income or capital gains from their qualifying activities.

 

The Company aims to deliver capital growth and income enhancement from its assets, supporting a progressive dividend which is paid quarterly. Further information on the Company can be found at www.reiplc.com

 

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.


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.
 
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Q3 Dividend Declaration - RNS