Dividend Declaration

RNS Number : 9284C

Ediston Property Inv Comp PLC

22 January 2015

 



To:                   RNS Company Announcements

Date:                22 January 2015

Company:        Ediston Property Investment Company plc

Subject:           First Interim Dividend

Announcement of First Interim Dividend

The Company has today declared its first interim dividend payment in respect of the period from its launch on 28 October 2014 to 31 December 2014 of 0.9685 pence per share as detailed in the schedule below:

Interim ordinary dividend                                       0.2541 pence per share

Interim Property Income Distribution (PID)             0.7144 pence per share

Ex-Dividend Date:          29 January 2015

Record Date:                 30 January 2015

Pay Date:                       6 February 2015

It is anticipated that the Company will pay a further monthly dividend of 0.4583 pence per share in February 2015 (for the month to 31 January). Thereafter dividends are expected to be paid on a monthly basis at a rate consistent with the target yield of 5.5% per annum.

The Court approved the cancellation of the Company's share premium account on 21 January 2015.

Enquiries:

Rankin Laing

Ediston Properties Limited

0131 225 5599

Martin Cassels

R&H Fund Services Limited

0131 524 6140

 

END

 

 

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