DIVIDEND DECLARATION & SCRIP DIVIDEND ALTERNATIVE

RNS Number : 5411E

Supermarket Income REIT PLC

08 July 2021

 

SUPERMARKET INCOME REIT PLC

(the "Company")

LEI: 2138007FOINJKAM7L537

dividend declaration AND SCRIP DIVIDEND ALTERNATIVE

The Board of Directors of Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, has today declared an interim dividend in respect of the period  from 1 April 2021 to 30 June 2021 of 1.465 pence per ordinary share, payable on or around 20 August 2021 (the "Interim Dividend") . The ex-dividend date will be 15 July 2021 with a record date of 16 July 2021. The dividend will comprise a Property Income Distribution ("PID") of 0.585 pence per share and an ordinary dividend of 0.880 pence per share.

The Company has now declared four quarterly dividends totalling 5.86 pence per ordinary share for the financial year ended 30 June 2021, achieving the Company's full-year dividend target.

Eligible shareholders can elect to receive new ordinary shares in the Company in lieu of a cash dividend (the "Scrip Dividend Alternative"). The Scrip Dividend Alternative price is to be calculated using the average of the closing middle market quotations for an ordinary share, as derived from the Daily Official List of the London Stock Exchange, for the five consecutive business days commencing on the ex-dividend date and will be announced by the Company and detailed on the Company's website on 22 July 2021.

Any shareholders wishing to take up the Scrip Dividend Alternative will have until 5pm on 30 July 2021 either to return their completed mandate form to the Company registrar, Link Group, at Corporate Actions, 10^th Floor, Central Square, 29 Wellington Street, Leeds, LS1 4DL (in the case of shareholdings in certificated form) or to take the necessary action via the CREST system (in the case of shareholdings in uncertificated form).

Further details of the Scheme, including the Scrip Dividend Circular and Mandate Form, are available to view and download on the Company's website at: https://www.supermarketincomereit.com/dividend-information

The Scrip Dividend Circular is also available for inspection at the National Storage Mechanism: https://data.fca.org.uk/#/nsm/nationalstoragemechanism 

In addition and in accordance with section 838 of the Companies Act 2006, Interim Accounts of the Company covering the period 1 July 2020 to 13 June 2021 have been prepared to support the payment of an interim dividend to the Ordinary shareholders of the Company on 20 August 2021.

The Interim Accounts of the Company have been filed with Companies House and are also available upon request from the Company Secretary.

FOR FURTHER INFORMATION
Atrato Capital Limited	[phone]
Ben Green / Steve Windsor / Steve Noble	[e-mail]
Stifel Nicolaus Europe Limited	[phone]
Mark Young / Matt Blawat
FTI Consulting	[phone]
Dido Laurimore / Eve Kirmatzis / Andrew Davis	[e-mail]

NOTES TO EDITORS:

Supermarket Income REIT plc (LSE: SUPR) is a real estate investment trust dedicated to investing in grocery properties which are an essential part of the UK's feed the nation infrastructure. The Company focuses on grocery stores which are omnichannel, fulfilling online and in-person sales. All of the Company's 55 supermarkets⁽¹⁾ are let to leading UK supermarket operators, diversified by both tenant and geography.

The Company provides investors with attractive, long-dated, secure, inflation-linked, growing income with the potential for capital appreciation over the longer term and targets a 7% to 10% p.a. total shareholder return over the medium term⁽²⁾. The Company has increased its dividend target in line with UK RPI inflation each year.

The Company's ordinary shares were admitted to trading on the Main Market of the London Stock Exchange, Specialist Fund Segment, on 21 July 2017.

Atrato Capital Limited is the Company's Investment Adviser.

Further information is available on the Company's website www.supermarketincomereit.com

(1)  As at 7^th July, 29 directly owned supermarkets, plus 26 via joint venture

(2)  There is no certainty that these illustrative projections will be achieved

 

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