BB Healthcare Trust PLC Target total dividend (3321H)
December 02 2020 - 11:10AM
UK Regulatory
TIDMBBH
RNS Number : 3321H
BB Healthcare Trust PLC
02 December 2020
BB Healthcare Trust plc (the "Company")
LEI: 213800HQ3J3H9YF2UI82
Statement re: Target total dividend for the financial year
ending 30 November 2021
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 2020 the Company paid
an interim dividend of 2.5p per ordinary share in August 2020 and
in due course the Board is intending to propose a final dividend of
2.5p per ordinary share.
For the financial year ending 30 November 2021, the target total
dividend will be 6.03p per ordinary share, this being 3.5 per cent
of the unaudited net asset value per ordinary share of 172.51p per
ordinary share (including current financial year revenue items) as
at 30 November 2020. The Board intends to declare an interim
dividend of 3.015p per ordinary share, being half of the target
total dividend for the financial year ending 30 November 2021, in
July 2021 and intends to pay this dividend in August 2021. The
Board intends to propose a final dividend of 3.015p per ordinary
share for the financial year ending 30 November 2021, in February /
March 2022 and intends to pay this dividend in March / April
2022.
Shareholders will again be offered the opportunity to
participate in the Scrip Dividend Scheme and elect for their cash
dividend to be automatically subscribed on their behalf for new
ordinary shares. Shareholders who do not elect to participate in
the Scrip Dividend Scheme will receive their dividends in cash.
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 2021 will be financed from other
reserves of the Company. This announcement of a target dividend for
the financial year ending 30 November 2021 should not be taken to
imply a profit forecast by the Company.
Enquiries:
Mark Ghahramani
Bellevue Asset Management (UK) Ltd
Tel: +44 (0)20 3871 2862
Brian Smith / Ciara McKillop
Company Secretary
PraxisIFM Fund Services (UK) Limited
Tel: +44 (0)20 4513 9260
2 December 2020
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END
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