Dividend Declaration & Scrip Dividend Alternative

RNS Number : 6854M

Supermarket Income REIT PLC

23 September 2021

 

SUPERMARKET INCOME REIT PLC

(the "Company")

LEI: 2138007FOINJKAM7L537
 

DIVIDEND DECLARATION, SCRIP DIVIDEND ALTERNATIVE AND DIVIDEND TARGET INCREASE  

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK, is pleased to announce an increase to the dividend target for the financial year ending 30 June 2022. The dividend target has been increased in line with the inflation-linked rent reviews received during the previous financial year, resulting in a new annual dividend target of 5.94 pence per Ordinary Share.

The Company has today declared an interim dividend in respect of the period from 1 July 2021 to 30 September 2021 of 1.485 pence per ordinary share (the "First Quarterly Dividend").

The First Quarterly Dividend will be paid on (or around) 16 November 2021 as a Property Income Distribution ("PID") in respect of the Company's tax-exempt property rental business to ordinary shareholders on the register as of 8 October 2021. The ex-dividend date will be 7 October 2021.

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 14 October 2021.

Any shareholders wishing to take up the Scrip Dividend Alternative will have until 5pm on 29 October 2021 either to return their completed mandate form to the Company registrars, Link Group, Corporate Actions, 10th 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 Company's Scrip Dividend 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   

KEY DATES:

Dividend announcement date	23 September 2021
Ex-dividend date	7 October 2021
Record date	8 October 2021
Scrip Dividend Alternative price announcement	14 October 2021
Latest date to elect to receive Scrip Dividend Alternative	29 October 2021
Dividend payment date	16 November 2021 (on or around)

FOR FURTHER INFORMATION
Atrato Capital Limited		[phone]
Steve Noble / Rob Abraham / Carcie Rogers		[e-mail]
Stifel Nicolaus Europe Limited		[phone]
Mark Young / Matt Blawat / Rajpal Padam
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 61 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 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)  35 directly owned supermarkets, plus 26 via joint venture

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

 

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