DRIP Drum Income Plus Reit Plc

TIDMDRIP

RNS Number : 4820B

Drum Income Plus REIT PLC

30 January 2020

30 January 2020

LEI: 213800FG3PJGQ3KQH756

Drum Income Plus REIT plc

("Drum" or the "Company")

Dividend Declaration

The Company announces an interim dividend of 1.5p per share in respect of the quarter ended 31 December 2019, the same level as the dividend paid in respect of the same period last year. The whole of the dividend will be designated as an interim property income distribution. This dividend will be paid on 21 February 2020 to shareholders on the register as at 7 February 2020. The ex-dividend date will be 6 February 2020.

The Board is targeting fully covered aggregate quarterly dividends of at least 6.0p per share in respect of the year ending 30 September 2020*. At the current share price of 77.5p this would represent an annualised dividend yield of 7.74%.

*Target returns only and not a profit forecast. There can be no assurance that these targets will be met and they should not be taken as an indication of expected or actual current or future results.

Enquiries:

 
Drum Real Estate Investment Management (Investment Manager) 
Bryan Sherriff                                                           0131 285 0050 
Cantor Fitzgerald Europe (Financial Adviser and Corporate Broker) 
Robert Peel (Corporate Finance)                                          020 7894 7719 
Richard Sloss (Sales)                                                    0131 257 4626 
Dickson Minto W.S. (Sponsor) 
Douglas Armstrong                                                        020 7649 6823 
Drum Income Plus REIT plc 
Maitland Administration Services (Scotland) Limited, Company Secretary    01245 398950 
Weber Shandwick (Financial PR) 
Richard Bright                                                           0131 556 6649 
Nick Oborne                                                              020 7067 0721 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DIVBMMATMTTJBJM

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January 30, 2020 10:25 ET (15:25 GMT)

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