On 10 March, Palace Capital Plc announced that it would pay a quarterly dividend of 4.75p per ordinary share in respect of the three months ended 31 December 2019 on 9 April 2020, to shareholders on the register as at 20 March 2020, at a cost of £2.2 million. For the reasons set out above, the Company has taken the decision to cancel the payment of this quarterly dividend so as to maintain maximum liquidity at this time. This will enable the Company to act reasonably with those tenants that have short term cash flow issues and to deal with any loan covenant issues that may arise. A recommendation on the final dividend will be taken at the time of the announcement of the full year results, which is currently expected to be in early June.