Tritax Big Box REIT plc Dividend Declaration (9567R)
06 Marzo 2019 - 1:02AM
UK Regulatory
TIDMBBOX
RNS Number : 9567R
Tritax Big Box REIT plc
06 March 2019
6 March 2019
TRITAX BIG BOX REIT PLC
(the "Company")
DIVIDEND DECLARATION & NEW TARGET DIVIDEND CONFIRMED FOR
FULL YEAR 2019
The Board of Directors of Tritax Big Box REIT plc (ticker: BBOX)
has today declared an interim dividend in respect of the period
from 1 October 2018 to 31 December 2018 of 1.675 pence per ordinary
share, payable on or around 28 March 2019 to shareholders on the
register on 15 March 2019. The ex-dividend date will be 14 March
2019.
0.90 pence of this dividend will be paid as a Property Income
Distribution ("PID") in respect of the Company's tax exempt
property rental business and 0.775 pence will be paid as an
ordinary UK dividend ("non-PID").
Following the payment of this dividend, the Company will have
paid, in aggregate, 6.70 pence per ordinary share in dividends in
respect of the year ended 31 December 2018, in line with its stated
target.
Progressive dividend policy
Consistent with its progressive dividend policy, the Company
today confirms it is targeting an aggregate dividend of 6.85 pence
per ordinary share for the year ending 31 December 2019(1) , which
is an increase of 2.24% over the dividend target of 6.70 pence per
ordinary share for 2018.
Note:
(1) The target dividend is a target only and not a forecast.
There can be no assurance that the target will be met and it should
not be taken as an indication of the Company's expected or actual
future results.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tritax Group via Maitland below
Colin Godfrey (Partner, Fund
Manager)
Maitland (Communications Adviser) Tel: 07747 113 930
James Benjamin tritax-maitland@maitland.co.uk
Jefferies International Limited Tel: 020 7029 8000
Gary Gould
Stuart Klein
Akur Limited Tel: 020 7493 3631
Anthony Richardson
Tom Frost
Siobhan Sergeant
The Company's LEI is: 213800L6X88MIYPVR714
NOTES:
Tritax Big Box REIT plc is the only listed vehicle dedicated to
investing in very large logistics warehouse assets ("Big Boxes") in
the UK and is committed to delivering attractive and sustainable
returns for shareholders. Investing in and actively managing
existing built investments, land suitable for Big Box development
and pre-let forward funded developments, the Company focuses on
well-located, modern "Big Box" logistics assets, typically greater
than 500,000 sq ft (measured by floor area, c. 69% of the Company's
existing logistics facilities including forward funded developments
are in excess of 500,000 sq ft), let to institutional-grade tenants
on long-term leases (typically at least 12 years in length) with
upward-only rent reviews and geographic and tenant diversification
throughout the UK. The Company seeks to exploit the significant
opportunity in this sub-sector of the UK logistics market owing to
strong tenant demand and limited supply of Big Boxes.
The Company is a real estate investment trust to which Part 12
of the UK Corporation Tax Act 2010 applies ("REIT"), is listed on
the premium segment of the Official List of the UK Financial
Conduct Authority and is a constituent of the FTSE 250, FTSE
EPRA/NAREIT and MSCI indices.
Further information on Tritax Big Box REIT is available at
www.tritaxbigbox.co.uk
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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