Regional REIT Limited Dividend Announcement and Results Date (3066R)
March 07 2016 - 11:02AM
UK Regulatory
TIDMRGL
RNS Number : 3066R
Regional REIT Limited
07 March 2016
7 March 2016
Regional REIT Limited
Dividend Announcement and Results Date
The Board of Regional REIT Limited (LSE: RGL) ("Regional REIT"
or the "Group"), the recently listed regional commercial property
company, today announces the Group's inaugural dividend. The Group
will pay a dividend of 1 pence per share ("pps") for the period 6
November 2015 to 31 December 2015.
The dividend payment will be made on 15 April 2016 to
shareholders on the register as at 18 March 2016. The ex-dividend
date will be 17 March 2016.
The Group will announce its results, for the period ending 31
December 2015, on 19 April 2016.
- ENDS -
Enquiries:
Regional REIT Limited
Press enquiries through Headland
London & Scottish Investments Tel: +44 (0) 141 248 4155
Asset Manager to the Company
Stephen Inglis
Derek McDonald
Toscafund Asset Management Tel: +44 (0) 20 7845 6100
Investment Manager to the Company
James S Johnson
Nigel Gliksten
Headland Tel: +44 (0)20 7367 5222
Financial PR
Francesca Tuckett
About Regional REIT
Regional REIT Limited (LSE: RGL) is a London Stock Exchange Main
Market listed specialist real estate investment company focused on
office and industrial property interests in the principal regional
locations of the United Kingdom outside of the Greater London
area.
Regional REIT is managed by London & Scottish Investments
and Toscafund Asset Management, and was formed by the merger of two
existing funds created by the managers to achieve a differentiated
play on recovery in UK regional property to deliver an attractive
total return to shareholders, with a strong focus on income.
The Group's investment portfolio, as at 31 December 2015, is
spread across more than 130 regional properties consisting of
around 720 individual units, with over 500 tenants. As at 31
December 2015, the investment portfolio had a value of GBP405.4m
and an overall income yield of 8.3%. The weighted average unexpired
lease term is just under six years.
The Group's shares were admitted to the Main Market of the
London Stock Exchange on 6 November 2015. For more information,
please visit www.regionalreit.com
This information is provided by RNS
The company news service from the London Stock Exchange
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