Tritax Big Box REIT plc Dividend Declaration (3778T)
October 12 2017 - 1:00AM
UK Regulatory
TIDMBBOX
RNS Number : 3778T
Tritax Big Box REIT plc
12 October 2017
12 October 2017
TRITAX BIG BOX REIT PLC
(the "Company")
DIVIDEND DECLARATION
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 July to 30 September 2017 of 1.60 pence per ordinary share,
payable on or around 16 November 2017 to shareholders on the
register on 20 October 2017. The ex-dividend date will be 19
October 2017.
This dividend will be a Property Income Distribution
("PID").
The Company is targeting an aggregate dividend of 6.40 pence per
ordinary share for the year ending 31 December 2017(1) , payable
quarterly. Dividends are expected to be fully covered by Adjusted
Earnings from the Company's portfolio of properties.
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 actual or expected
future results.
For further information, please contact:
Tritax Group via Newgate (below)
Colin Godfrey (Partner,
Fund Manager)
Newgate (PR Adviser) Tel: 020 7680 6550
James Benjamin Email: tritax@newgatecomms.com
Anna Geffert
Lydia Thompson
Jefferies International Tel: 020 7029 8000
Limited
Gary Gould
Stuart Klein
Akur Limited Tel: 020 7493 3631
Anthony Richardson
Tom Frost
Siobhan Sergeant
NOTES:
Tritax Big Box REIT plc is the only listed vehicle to give pure
exposure to the "Big Box" logistics asset class 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.68% of the Company's existing
assets including forward funded developments are in excess of
500,000 sq ft(1) ), 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
(1) Note: As a 30 June 2017, this figure excludes Howdens II and
III at Warth Park, Raunds which have exchanged conditionally,
subject to planning.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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