Statement re Target total dividend

RNS Number : 4208Y

BB Healthcare Trust PLC

05 December 2017

 

BB Healthcare Trust plc (the "Company")

LEI: 213800HQ3J3H9YF2UI82

Statement re: Target total dividend for the financial year ending 30 November 2018

As stated in the Company's IPO prospectus the Company aims to set a target dividend each financial year equal to 3.5 per cent of the Net Asset Value as at the last day of the Company's preceding financial year. The Company's dividend policy was set out in the Company's prospectus and will be included in the Company's forthcoming Annual Report for the period ended 30 November 2017.

The Company intends to pay dividends on a semi-annual basis, by way of two equal dividends, with dividends declared in July and paid in August and proposed in February / March and paid in March / April in each year.

For the financial period ended 30 November 2017, the first financial period of the Company, the Company paid an interim dividend of 1.75p per ordinary share in August 2017. In due course the Board is intending to propose a final dividend of 1.75p per ordinary share in respect of the financial period ended 30 November 2017.

For the financial year ending 30 November 2018, the target total dividend will be 4.0p per ordinary share, this being 3.5 per cent of the unaudited net asset value per ordinary share of 115.42p per ordinary share (including current financial year revenue items) as at 30 November 2017. The Board intends to declare an interim dividend of 2.0p per ordinary share, being half of the target total dividend for the financial year ending 30 November 2018, in July 2018 and intends to pay this dividend in August 2018. The Board intends to propose a final dividend of 2.0p per ordinary share for the financial year ending 30 November 2018, in February / March 2019 and intends to pay this dividend in March / April 2019.

The Company pays dividends from a combination of available net income during the financial year and other reserves. It is currently anticipated that most of the target dividend will be financed from other reserves of the Company. This announcement of a target dividend for the financial year ending 30 November 2018 should not be taken to imply a profit forecast by the Company.

Enquiries:

Anthony Lee                                          020 7653 9690

Company Secretary

PraxisIFM Fund Services (UK) Limited

5 December 2017

 

END

 

 

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