TIDMEPIC

RNS Number : 6512X

Ediston Property Inv Comp PLC

06 May 2021

06 May 2021

Ediston Property Investment Company plc

(LEI: 213800JRL87EGX9TUI28)

Announcement of Increased Interim Dividend

Declaration of Increased Interim Dividend

The Company declares its interim dividend (property income distribution) payment in respect of the period from 1 to 30 April 2021 of 0.4167 pence per share, as timetabled below:

 
 Ex-Dividend    13 May 
  Date: 
 Record Date:   14 May 
 Pay Date:      28 May

This monthly dividend of 0. 4167 pence per share equates to an annualised dividend level of 5 .00 pence per share , as announced on 8 April 2021, and is 25% higher than the previous dividend paid in April of 0.3333 pence per share .

The projected annualised yield based on the closing share price of 67.5 pence, as at 4 May 2021, would be 7.4%.

At the date of this announcement, rent collection is in line with previous forecasts. If the tenants who pay their rent monthly continue to do so, it is projected that the Company will collect 93% of the rent due for the second quarter of 2021.

The Company will publish its Interim Report for the six months ended 31 March 2021 in the relatively near future, having announced the net asset value for 31 March 2021 on 23 April 2021.

End

 
 
   Enquiries 
 
 Will Barnett      *    Investec Bank plc                      0207 597 5873 
 
 Calum Bruce       *    Ediston Investment Services Limited    0131 225 5599 
 
 Ruth Wright       *    JTC                                    0203 893 1011 
 
 Ben Robinson      *    Kaso Legg Communications               0203 995 6672 
 Stephanie 
  Ross             *    Kaso Legg Communications               0203 995 6676

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END

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May 06, 2021 02:00 ET (06:00 GMT)

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