Business
REIT conversion
REIT conversion.
About this update from Palace Capital Plc
[{"type":"text","content":"\n \nRNS Number : 4566H Palace Capital PLC 01 August 2019 \n\nPalace Capital plc\n(\"Palace Capital\" or the \"Company\")\nREIT conversion\n \nPalace Capital, the property investment company that focusses on commercial property outside London, is pleased to announce that it has provided HMRC with notice to join the UK REIT regime with effect from today, 1 August 2019. The first dividend distribution as a UK REIT is expected to be paid in December 2019.\n \nFor further information, contact:\nFTI Consulting (Financial PR)\nClaire Turvey / Methuselah Tanyanyiwa\[email protected]\nTel. +44 (0)20 3727 1000\n \nAbout Palace Capital plc (www.palacecapitalplc.com):\nPalace Capital plc (LSE: PCA) is a Main Market listed REIT that has a c. £280 million diversified portfolio of UK regional commercial property. The Company maintains a disciplined investment strategy focused on towns and cities outside of London that are characterised by thriving local economies and strengthening fundamentals. Within those locations, the highly experienced management team selects assets that provide opportunity to drive both capital value and long-term rental income through tailored active asset management programmes, ultimately delivering attractive shareholder returns. \n\nThis 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. END REASDDFMFFUSEIW\n ","length":2464,"tagName":"div"}]