TIDMEPIC

RNS Number : 9942X

Ediston Property Inv Comp PLC

03 September 2020

03 September 2020

Ediston Property Investment Company plc

(LEI: 213800JRL87EGX9TUI28)

Announcement of Interim Dividend & Rent Collection Update

Declaration of Interim Dividend

The Company declares its interim dividend (property income distribution) payment in respect of the period from 1 August to 31 August 2020 of 0.3333 pence per share, as timetabled below:

 
 Ex-Dividend    10 September 2020 
  Date: 
 Record Date:   11 September 2020 
 Pay Date:      30 September 2020

This monthly dividend of 0.3333 pence per share equates to an annualised dividend level of 4.00 pence per share and is unchanged from the previous dividend declared on 6 August.

Quarter 3 rent collection update

Rent collection for the quarter has progressed in line with previous forecasts, with the monthly rent payers continuing to meet commitments. As a result, the Company is on track to collect 90.9% of the rent due for the third quarter and to continue to pay the dividend at the above rate for this quarter. On this basis, the current dividend level would be 131% covered by rent collected (less expenses) for quarter three and potentially as high as 140%, after taking into account deferred rent covered by payment plans.

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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September 03, 2020 10:45 ET (14:45 GMT)

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