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13 February 2020
LXi REIT plc
(the 'Company' or the 'Group')
THIRD INTERIM DIVIDEND
The Board of LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, has today declared the third interim dividend in respect of the year ending 31 March 2020 of 1.4375 pence per ordinary share, payable on 27 March 2020 to shareholders on the register at 6 March 2020. The ex-dividend date will be 5 March 2020. The dividend reflects an annualised rate of 5.75 pence per ordinary share, in line with the Company's current annual dividend target*.
The dividend will be paid as a Property Income Distribution ('PID').
Shareholders entitled to elect to receive PID distributions without deduction for withholding tax should complete the declaration form which is available in the Investors section of the Company's website,www.lxireit.comand returned to the Company's registrar, Link Asset Services, at The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU.
FOR FURTHER INFORMATION, PLEASE CONTACT:
LXI REIT Advisors Limited John White (Partner, Fund Manager) Simon Lee (Partner, Fund Manager) | Via Maitland/AMO |
Peel Hunt LLP Luke Simpson | Tel: 020 7418 8900 |
Maitland/AMO (Communications Adviser) James Benjamin | Tel: 020 7379 5151 Email: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 very long (typically 20 to 30 years to expiry or first break), inflation-linked leases to a broad range of tenants with strong financial 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 an annual dividend of 5.75 pence per ordinary share, starting from the financial period commenced 1 April 2019, with the potential to grow the dividend in absolute terms through upward-only inflation-protected long-term lease agreements, and is targeting a total NAV return of a minimum of 8 per cent. per annum over the medium term.*
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 Financial Conduct 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, FTSE EPRA/NAREIT and MSCI indices.
Further information on the Company is available atwww.lxireit.com
* These are targets only and not a profit forecast and there can be no assurance that they will be met.
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 rns@lseg.com or visit www.rns.com.
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Third Interim Dividend - RNS
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LXi REIT plc published this content on 13 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 February 2020 07:05:12 UTC
