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To: RNS
From: Standard Life Investments Property
Income Trust Limited
Date: 16 December
2015
Dividend Announcement
As detailed in the prospectus, announced on 18 November 2015, amended by the supplementary
prospectus announced on 15 December
2015, Standard Life Investments Property Income Trust
Limited (the "Company") announced its intention to split the
final interim dividend in respect of the period to 31 December 2015 into: (i) a fourth interim
dividend for the period between 1 October
2015 and 20 December 2015 (the
date immediately prior to Admission and the completion of the
Acquisition); and (ii) a fifth interim dividend for the period
between 21 December 2015 and
31 December 2015. The Company’s
existing Shareholders will qualify for the fourth and fifth interim
dividends in respect of their existing holdings of Ordinary Shares
which together will equal the equivalent of 1.161 pence for the quarter per Share. The New
Shares issued pursuant to the Initial Placing and Offer, and which
are expected to commence trading on 21
December 2015, will only qualify for the fifth interim
dividend.
The Company therefore announces that the fourth interim dividend
will be 1.022 pence per share. Given
the New Shares will not rank for this fourth interim dividend, the
timetable will fall outside the standard dividend procedure
timetable. The ex-dividend date, record date and payment date are
therefore as follows:
| Ex-dividend
Date |
17 December 2015 |
| Record Date |
18 December 2015 |
| Payment Date |
31 March 2016 |
The split of this dividend between a property income dividend
and ordinary dividend will be announced at the same time as the
announcement of the fifth interim dividend which is expected to be
in early March 2016.
All enquiries
Jason Baggaley/Graeme McDonald, Standard Life Investments
Tel: 0131 245 2833/0131 245 3151
Graeme Caton, Winterflood
Investment Trusts
Tel: 020 3100 0268
Douglas Armstrong, Dickson Minto W.S.
Tel: 020 7649 6823