Drum Income Plus REIT PLC Dividend Declaration (4717P)

TIDMDRIP

RNS Number : 4717P

Drum Income Plus REIT PLC

17 November 2016

Drum Income Plus REIT plc

("Drum" or the "Company")

Dividend Declaration

The Company announces an interim dividend of 1.3125p per share in respect of the quarter ended 30 September 2016, all of which will be designated as an interim property income distribution. This dividend will be paid on 2 December 2016 to shareholders on the 25 November 2016. The ex-dividend date will be 24 November 2016.

The Board is targeting fully covered aggregate quarterly dividends of at least 5.5p per share in respect of the year ending 30 September 2017 and at least 6.0p per share in respect of the year ending 30 September 2018*.

*Target returns only and not a profit forecast. There can be no assurance that these targets will be met and they should not be taken as an indication of expected or actual current or future results.

Enquiries:

 
Drum Real Estate Investment Management (Investment Manager) 
Bryan Sherriff                                                      0131 285 0050 
Cantor Fitzgerald Europe (Financial Adviser and Corporate Broker) 
Sue Inglis (Corporate Finance)                                      020 7894 8016 
Ben Heatley (Sales)                                                 020 7894 8529 
Dickson Minto W.S. (Sponsor) 
Douglas Armstrong                                                   020 7649 6823 
Drum Income Plus REIT Plc 
Martin Cassels, Company Secretary                                   0131 550 3760 
Weber Shandwick (Financial PR) 
Richard Bright                                                      0131 556 6649 
Nick Oborne                                                         020 7067 0721

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 17, 2016 05:46 ET (10:46 GMT)

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