Revised Dividend Policy

RNS Number : 1383P

Regional REIT Limited

16 February 2016

 

16 February 2016

Regional REIT Limited

Revised Dividend Policy

The Board of Regional REIT Limited (LSE: RGL) ("Regional REIT" or the "Company"), the recently listed regional commercial property company, today announces its intention to increase the frequency of dividend payments and move to the payment of quarterly dividends with effect from the financial year beginning 1 January 2016. Further details on the quarterly dividends are expected to be announced alongside the publication of the Company's results ending 31 December 2015.

Following its recent Initial Public Offering the Board has reconsidered the frequency of dividend payments in the light of market practice in the sector and Board's perception of shareholders' preferences, and following discussions with its advisors.

The payment of dividends will remain subject to market conditions, the Company's performance, its financial position and the business outlook.

- 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
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 Company'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 Company'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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