BMO Real Estate Investments Ltd Interim Dividend

TIDMBREI 

To:                    Company Announcements 
Date:                 2 December 2020 
Company:         BMO Real Estate Investments Limited 
LEI:                   231801XRCB89W6XTR23 

Subject:            Interim Dividend 

Interim Dividend 

The Company today announces a quarterly interim dividend in respect of the year 
ending 30 June 2021 at an increased rate 0.85 pence per share. This is a 36 per 
cent increase on the previous quarterly interim dividend of 0.625 pence per 
share. This dividend will be a property income distribution. 

The key dates for this interim dividend are as follows: 

Ex-Dividend Date -        10 December 2020 

Record Date -               11 December 2020 

Payment Date -             31 December 2020 

The Board has kept the rate of distribution under review, having regard to rent 
collection levels and the significant economic risks and continuing uncertainty 
regarding the path of Covid-19. The Board is also mindful that the level of 
dividend paid in the previous financial year was 84.3 per cent covered by 
profits. 

The rent collection statistics are well ahead of the levels that could 
reasonably have been expected when the Board made the decision to cut the 
dividend in June 2020. The collection rate is at 93 per cent for the second 
quarter of 2020 and 92 per cent for the third quarter. The collection rate for 
the fourth quarter is at 88 per cent to date with the final collection rate 
expected to be similar to the previous quarters. 

The Board will continue to monitor rental receipts and earnings closely and 
keep the future level of dividends under review. 

Important information 

The information contained within this announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulations 
(EU) No. 596/2014. Upon the publication of this announcement via Regulatory 
Information Service this inside information is now considered to be in the 
public domain. 

All Enquiries: 

The Company Secretary 
Northern Trust International Fund Administrations Services (Guernsey) Limited 
Trafalgar Court 
Les Banques 
St Peter Port 
Guernsey 
GY1 3QL 

Tel: 01481 745403 

END

(END) Dow Jones Newswires

December 02, 2020 02:00 ET (07:00 GMT)

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