TIDMSUPR

RNS Number : 7345O

Supermarket Income REIT PLC

05 October 2023

5 October 2023

SUPERMARKET INCOME REIT PLC

(the "Company")

LEI: 2138007FOINJKAM7L537

DIVIDEND DECLARATION

Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-linked, long income from grocery property in the UK, has today 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").

The First Quarterly Dividend will be paid on or around 16 November 2023 as a Property Income Distribution ("PID") 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 (the "Board") 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 "Scrip Dividend Alternative"). 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 the Company.

 
FOR FURTHER INFORMATION 
Atrato Capital Limited              +44 (0)20 3790 8087 
Steve Noble / Rob Abraham / Chris   ir@atratocapital.com 
 McMahon 
 
  Stifel Nicolaus Europe Limited      +44 (0)20 7710 7600 
Mark Young / Matt Blawat / Rajpal 
 Padam 
 
Goldman Sachs International 
 Jimmy Bastock / Tom Hartley        +44 (0)20 7774 1000 
 
FTI Consulting                      +44 (0)20 3727 1000 
Dido Laurimore / Eve Kirmatzis /    SupermarketIncomeREIT@fticonsulting.com 
 Andrew Davis

NOTES TO EDITORS:

Supermarket Income REIT plc (LSE: SUPR) is a real estate investment trust dedicated to investing in grocery properties which are an essential part of the UK's feed the nation infrastructure. The Company focuses on grocery stores which are omnichannel, fulfilling online and in-person sales. All of the Company's supermarkets are let to leading UK supermarket operators, diversified by both tenant and geography.

The Company provides investors with attractive, long-dated, secure, inflation-linked, growing income with the potential for capital appreciation over the longer term.

The Company is listed on the premium segment of the Official List of the UK Financial Conduct Authority and its Ordinary Shares are traded on the Main Market of the London Stock Exchange, having listed initially on the Specialist Fund Segment of the Main Market on 21 July 2017.

Atrato Capital Limited is the Company's Investment Adviser.

Further information is available on the Company's website www.supermarketincomereit.com

Stifel Nicolaus Europe Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for Supermarket Income REIT plc and no one else in connection with this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Stifel Nicolaus Europe Limited nor for providing advice in connection with the matters referred to in this announcement.

Goldman Sachs International, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting exclusively for Supermarket Income REIT plc and no one else in connection with this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Goldman Sachs International nor for providing advice in connection with the matters referred to in this announcement.

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END

DIVMIBFTMTAMBRJ

(END) Dow Jones Newswires

October 05, 2023 02:00 ET (06:00 GMT)

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