LXI REIT PLC Interim Dividend (0606F)
February 16 2018 - 1:00AM
UK Regulatory
TIDMLXI
RNS Number : 0606F
LXI REIT PLC
16 February 2018
16 February 2018
LXi REIT plc
(the "Company")
INTERIM DIVIDEND
The Board of LXi REIT plc (ticker: LXI) has declared an interim
dividend in respect of the period from 1 October 2017 to 31
December 2017 of 1.0 pence per ordinary share, payable on 29 March
2018 to shareholders on the register at 2 March 2018. The
ex-dividend date will be 1 March 2018.
0.9 pence of this dividend will be paid as a Property Income
Distribution ("PID") and 0.1 pence will be paid as an ordinary UK
dividend ("non-PID"). PID dividends are paid out of tax-exempt
property rental income. Dividends paid from licence fee income that
the Company receives from developers during the construction period
on forward funding projects are treated as non-PID dividends.
Shareholders entitled to elect to receive PID distributions
without deduction for withholding tax should complete the
declaration form which is available in the Investors section of the
Company's website, www.lxireit.com and returned to the Company's
registrar, Link Asset Services, at The Registry, 34 Beckenham Road,
Beckenham, Kent, BR3 4TU.
The Company's LEI is: 2138008YZGXOKAXQVI45
FOR FURTHER INFORMATION, PLEASE CONTACT:
LXI REIT Advisors Limited Via Newgate Communications
John White (Partner, Fund
Manager)
Simon Lee (Partner, Fund Manager)
----------------------------------- ---------------------------------
Peel Hunt LLP Tel: 020 7418 8900
Luke Simpson
----------------------------------- ---------------------------------
Newgate Communications (PR Tel: 020 7680 6550
Adviser) Email: lxireit@newgatecomms.com
James Benjamin
Anna Geffert
----------------------------------- ---------------------------------
NOTES:
The Company invests in UK commercial property assets let, or
pre-let, on very long (typically 20 to 30 years to expiry or first
break), inflation-linked leases to a wide range of strong tenant
covenants across a diverse range of property sectors.
The Company may invest in fixed-price forward funded
developments; provided they are pre-let to an acceptable tenant and
full planning permission is in place. The Company will not
undertake any direct development activity nor assume direct
development risk.
The Company is targeting a minimum annual dividend of 5 pence
per ordinary share, starting from the financial period commencing 1
April 2018, with the potential to grow the dividend in absolute
terms through upward-only inflation-protected long-term lease
agreements, and is targeting a net total shareholder return of 8
per cent. plus per annum over the medium term*.
The Company, a real estate investment trust ("REIT")
incorporated in England and Wales, is listed on the premium listing
segment of the Official List of the UK Listing Authority and was
admitted to trading on the main market for listed securities of the
London Stock Exchange in February 2017.
Further information on the Company is available at
www.lxireit.com
* these are targets only and not a profit forecast and there can
be no assurance that they will be met.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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