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viewEdiston Property Investment Company Plc

Ediston Prop Inv - Interim Dividend & Rent Collection Update

RNS Number : 2358V
Ediston Property Inv Comp PLC
06 August 2020
 

 

 

06 August 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 July to 31 July 2020 of 0.3333 pence per share, as timetabled below:

 

Ex-Dividend Date:

13 August 2020

Record Date:

14 August 2020

Pay Date:

28 August 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 8 July. 

 

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 at 5 August 80.5% of the rent due by 1 August has been collected. The Company will have collected 90.4% of rent due for the quarter ending 30 September 2020 if the tenants who paid monthly for July and August continue to make payments for September. On this basis, the current dividend level would be 130% 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

                                                                                               

                                                                                               

                                                                                                               

                                                                                               

                                                                               


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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