Dividend Announcement and Results Date

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: [phone]
Asset Manager to the Company
Stephen Inglis
Derek McDonald
Toscafund Asset Management	Tel: [phone]
Investment Manager to the Company
James S Johnson Nigel Gliksten
Headland	Tel: [phone]
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 £405.4m 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

 

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