Business
Revised Dividend Policy
Revised Dividend Policy.
About this update from Regional Reit Ltd.
[{"type":"text","content":"\n \nRNS Number : 1383P Regional REIT Limited 16 February 2016 \n\n16 February 2016\n \nRegional REIT Limited\n \nRevised Dividend Policy\n \nThe Board of Regional REIT Limited (LSE: RGL) (\"Regional REIT\" or the \"Company\"), the recently listed regional commercial property company, today announces its intention to increase the frequency of dividend payments and move to the payment of quarterly dividends with effect from the financial year beginning 1 January 2016. Further details on the quarterly dividends are expected to be announced alongside the publication of the Company's results ending 31 December 2015.\nFollowing its recent Initial Public Offering the Board has reconsidered the frequency of dividend payments in the light of market practice in the sector and Board's perception of shareholders' preferences, and following discussions with its advisors.\nThe payment of dividends will remain subject to market conditions, the Company's performance, its financial position and the business outlook.\n \n- ENDS -\n \nEnquiries:\n \n\n\n\n\nRegional REIT Limited\n\n\n\n\n\n\n\nPress enquiries through Headland\n\n\n\n\n \n\n\n\n\n\n\n\nLondon & Scottish Investments\n\n\nTel: +44 (0) 141 248 4155\n\n\n\n\nAsset Manager to the Company\n\n\n \n\n\n\n\nStephen Inglis\n\n\n \n\n\n\n\nDerek McDonald\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nToscafund Asset Management\n\n\nTel: +44 (0) 20 7845 6100\n\n\n\n\nInvestment Manager to the Company\n\n\n \n\n\n\n\nNigel Gliksten\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nHeadland\n\n\nTel: +44 (0)20 7367 5222\n\n\n\n\nFinancial PR\n\n\n\n\n\n\n\nFrancesca Tuckett\n\n\n\n\n\n\n\n \n \n \n \nAbout Regional REIT\nRegional REIT Limited (LSE: RGL) is a London Stock Exchange Main Market listed specialist real estate investment company focused on office and industrial property interests in the principal regional locations of the United Kingdom outside of the Greater London area. \nRegional REIT is managed by London & Scottish Investments and Toscafund Asset Management, and was formed by the merger of two existing funds created by the managers to achieve a differentiated play on recovery in UK regional property to deliver an attractive total return to shareholders, with a strong focus on income. \nThe ...