Supermarket Income REIT plc (LON:SUPR), the real estate investment trust providing secure, inflation-linked, long income from grocery property in the UK, has declared an interim dividend in respect of the period from 1 July 2023 to 30 September 2023 of 1.515 pence per ordinary share.
The First Quarterly Dividend will be paid on or around 16 November 2023 as a Property Income Distribution in respect of the Company’s tax-exempt property rental business to shareholders on the register as of 13 October 2023. The ex-dividend date will be 12 October 2023.
As the Company’s ordinary shares are currently trading at a discount to the published EPRA Net Tangible Assets per share, the board of directors of the Company believes that it is not in the best interests of shareholders to offer the scrip dividend alternative, under which shareholders would have been able to elect to receive new ordinary shares in lieu of the cash dividend. The Board has therefore exercised its discretion to suspend the Scrip Dividend Alternative in respect of the First Quarterly Dividend.
All shareholders who are entitled to receive the First Quarterly Dividend will therefore receive it in cash.
The Board will keep under consideration the offer of a scrip dividend alternative in respect of future quarterly dividends.
In accordance with section 838 of the Companies Act 2006, accounts have been prepared in order to support the payment of the interim dividend to the ordinary shareholders of Supermarket Income REIT.
