LXI REIT PLC Dividend Declaration (0694M)
September 17 2021 - 2:00AM
UK Regulatory
TIDMLXI
RNS Number : 0694M
LXI REIT PLC
17 September 2021
17 September 2021
LXi REIT plc
(the "Company" or the "Group")
DIVIDEND DECLARATION
The Board of LXi REIT plc (ticker: LXI), th e specialist
inflation-protected very long income REIT, is pleased to declare an
interim quarterly dividend in respect of the quarter ended 30 June
2021 of 1.5 pence per ordinary share, payable on 29 October 2021 to
shareholders on the register at 24 September 2021. The ex-dividend
date will be 23 September 2021.
The dividend will be paid as a Property Income Distribution
("PID") in respect of the Company's tax exempt property rental
business.
FOR FURTHER INFORMATION, PLEASE CONTACT:
LXI REIT Advisors Limited Via Maitland/AMO
Simon Lee (Partner, Fund Manager)
John White (Partner, Fund Manager)
Peel Hunt LLP
Luke Simpson/Liz Yong 020 7418 8900
---------------------------------
J efferies International
Ed Matthews/Tom Yeadon 020 7029 8000
---------------------------------
Maitland/AMO (Communications Adviser) 07747 113 930
James Benjamin lxireit-maitland@maitland.co.uk
---------------------------------
The Company's LEI is: 2138008YZGXOKAXQVI45
NOTES:
LXI REIT plc invests in UK commercial property assets let, or
pre-let, on very long-term, triple-net, inflation-linked leases to
a wide range of strong tenant covenants across a diverse range of
robust property sectors.
The Company aims to provide shareholders with an attractive
return, in the form of quarterly income distributions and with the
potential for capital and income growth from key strategies which
include indexed rental uplifts, pre-let forward fundings, sale and
leasebacks, and off-market, value driven acquisitions and sales
.
The Company is targeting a dividend of 6 pence per ordinary
share for the 12-months commencing on 1 April 2021* and its
medium-term total return target is a minimum of 8% pa .
The Company, a real estate investment trust ( " REIT " )
incorporated in England and Wales, is listed on the premium listing
segment of the Official List of the UK Listing Authority and was
admitted to trading on the main market for listed securities of the
London Stock Exchange in February 2017.
The Company is a constituent of the FTSE 250, EPRA/NAREIT and
MSCI indices.
Further information on the Company is available at
www.lxireit.com
* These are guidance levels or targets only and not a profit
forecast and there can be no assurance that they will be met.
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END
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