LXI REIT PLC Dividend Declaration (0606Z)
May 19 2021 - 1:00AM
UK Regulatory
TIDMLXI
RNS Number : 0606Z
LXI REIT PLC
19 May 2021
19 May 2021
LXi REIT plc
(the "Company" or the "Group")
DIVIDEND DECLARATION
As guided in its announcement on 18 January 2021, the Board of
LXi REIT plc (ticker: LXI), th e specialist inflation-protected
very long income REIT, is pleased to declare an interim quarterly
dividend in respect of the quarter ended 31 March 2021 of 1.46
pence per ordinary share, payable on 16 July 2021 to shareholders
on the register at 25 June 2021. The ex-dividend date will be 24
June 2021.
The dividend will be paid as a Property Income Distribution
("PID") in respect of the Company's tax exempt property rental
business.
The Company continues to target a total dividend of 6.0 pence
per share ordinary share for the year which commenced 1 April 2021,
which is intended to be paid in four instalments of 1.50 pence per
quarter and represents a 4.3% increase on the Company's
pre-Covid-19 dividend rate of 5.75 pence per share .
FOR FURTHER INFORMATION, PLEASE CONTACT:
LXI REIT Advisors Limited Via Maitland/AMO
Simon Lee (Partner, Fund Manager)
John White (Partner, Fund Manager)
Peel Hunt LLP
Luke Simpson/Liz Yong 020 7418 8900
---------------------------------
J efferies International
Ed Matthews/Tom Yeadon 020 7029 8000
---------------------------------
Maitland/AMO (Communications Adviser) 07747 113 930
James Benjamin lxireit-maitland@maitland.co.uk
---------------------------------
The Company's LEI is: 2138008YZGXOKAXQVI45
NOTES:
LXI REIT plc invests in UK commercial property assets let, or
pre-let, on 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 robust 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 dividend of 6 pence per ordinary
share for the year which commenced on 1 April 2021*.
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.
The Company is a constituent of the FTSE 250, EPRA/NAREIT and
MSCI indices.
Further information on the Company is available at
www.lxireit.com
* These are guidance levels or targets only and not a profit
forecast and there can be no assurance that they will be met.
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END
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