BB Healthcare Trust PLC Statement re Target total dividend (4290J)
December 04 2018 - 12:27PM
UK Regulatory
TIDMBBH
RNS Number : 4290J
BB Healthcare Trust PLC
04 December 2018
BB Healthcare Trust plc (the "Company")
LEI: 213800HQ3J3H9YF2UI82
Statement re: Target total dividend for the financial year
ending 30 November 2019
As stated in the Company's IPO prospectus and in the Company's
prospectus dated 5 November 2018, the Company aims to target a
dividend each financial year equal to 3.5 per cent of the Net Asset
Value as at the last day of the Company's preceding financial
year.
The Company intends to pay dividends on a semi-annual basis, by
way of two equal dividends, with dividends declared in July and
paid in August and proposed in February / March and paid in March /
April in each year.
For the financial year ended 30 November 2018, the second
financial period of the Company, the Company paid an interim
dividend of 2.0p per ordinary share in August 2018 and in due
course the Board is intending to propose a final dividend of 2.0p
per ordinary share.
For the financial year ending 30 November 2019, the target total
dividend will be 4.85p per ordinary share, this being 3.5 per cent
of the unaudited net asset value per ordinary share of 138.71p per
ordinary share (including current financial year revenue items) as
at 30 November 2018. The Board intends to declare an interim
dividend of 2.425p per ordinary share, being half of the target
total dividend for the financial year ending 30 November 2019, in
July 2019 and intends to pay this dividend in August 2019. The
Board intends to propose a final dividend of 2.425p per ordinary
share for the financial year ending 30 November 2019, in February /
March 2020 and intends to pay this dividend in March / April
2020.
The Company pays dividends from a combination of available net
income during the financial year and other reserves. It is
currently anticipated that most of the target dividend for the
financial year ending 30 November 2019 will be financed from other
reserves of the Company. This announcement of a target dividend for
the financial year ending 30 November 2019 should not be taken to
imply a profit forecast by the Company.
Enquiries:
Claude Mikkelsen
Bellevue Advisors Limited
Mobile: +44 (0)7557 048577
Anthony Lee / Ciara McKillop
Company Secretary
PraxisIFM Fund Services (UK) Limited
Tel: +44 (0)20 7653 9690
4 December 2018
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END
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