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 October 2023 to 31 December 2023 of 1.515 pence per ordinary share.
The Second Quarterly Dividend will be paid on or around 14 February 2024 as a Property Income Distribution in respect of Supermarket Income REIT’s tax-exempt property rental business to shareholders on the register as of 12 January 2024. The ex-dividend date will be 11 January 2024.
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 Second Quarterly Dividend.
All shareholders who are entitled to receive the Second Quarterly Dividend will therefore receive it in cash.
The Supermarket Income REIT Board will keep under consideration the offer of a scrip dividend alternative in respect of future quarterly dividends.
