24 August 2022
REGIONAL REIT Limited
("Regional REIT", the "Group" or the "Company")
Q2 2022 Dividend Declaration
Regional REIT Limited (LSE: RGL), the regional office specialist today declares its Q2 2022 dividend.
The Company will pay a dividend of 1.65 pence per share ("pps") for the period 1 March 2022 to 30 June 2022, an increase of c.3% from 1 March 2021 to 30 June 2021 dividend of 1.60pps. The entire dividend will be paid as a REIT property income distribution ("PID").
The Company has introduced the option for shareholders to invest their dividend in a Dividend Reinvestment Plan ("DRIP"). More details can be found on the Company's website https://www.regionalreit.com/investors/investors-dividend/dividend-reinvestment-plan.
The key dates relating to this dividend are given below:
| Ex-dividend date | 1 September 2022 |
| Record date | 2 September 2022 |
| Last day for DRIP election | 23 September 2022 |
| Payment date | 14 October 2022 |
The level of future payments of dividends will be determined by the Board having regard to, among other factors, the financial position and performance of the Group at the relevant time, UK REIT requirements and the interest of shareholders.
Forthcoming Events
| 15 September 2022 | 2022 Interim Results Announcements |
| 10 November 2022 | Q3 2022 Trading Update |
Note: All dates are provisional and subject to change
- ENDS -
Enquiries:
| Regional REIT Limited |
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| Toscafund Asset Management | Tel: +44 (0) 20 7845 6100 |
| Investment Manager to the Group | |
| Adam Dickinson, Investor Relations, Regional REIT Limited | |
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| London & Scottish Property Investment Management | Tel: +44 (0) 141 248 4155 |
| Asset Manager to the Group | |
| Stephen Inglis | |
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| Buchanan Communications | Tel: +44 (0) 20 7466 5000 |
| Financial PR | regional@buchanan.uk.com |
| Charles Ryland, Henry Wilson, George Beale | |
About Regional REIT
Regional REIT Limited ("Regional REIT" or the "Company") and its subsidiaries (the "Group") is a United Kingdom ("UK") based real estate investment trust that launched in November 2015. It is managed by London & Scottish Property Investment Management Limited, the Asset Manager, and Toscafund Asset Management LLP, the Investment Manager.
Regional REIT's commercial property portfolio is comprised wholly of income producing UK assets and comprises, predominantly of offices located in the regional centres outside of the M25 motorway. The portfolio is geographically diversified, with 160 properties, 1,035 occupiers as at 31 March 2022, with a valuation of c.£874.0m.
Regional REIT pursues its investment objective by investing in, actively managing and disposing of regional core and core plus property assets. It aims to deliver an attractive total return to its Shareholders, targeting greater than 10% per annum, with a strong focus on income supported by additional capital growth prospects.
The Company's shares were admitted to the Official List of the UK's Financial Conduct Authority and to trading on the London Stock Exchange on 6 November 2015. For more information, please visit the Group's website at www.regionalreit.com.
ESMA Legal Entity Identifier ("LEI"): 549300D8G4NKLRIKBX73
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