Tritax EuroBox has today declared an interim dividend in respect of the period from 1 January 2019 to 31 March 2019 of 1.00 cent per Ordinary Share, payable on or around 12 June 2019 to shareholders on the register on 17 May 2019.
The ex-dividend date will be 16 May 2019. The Company remains on track to deliver, on a fully invested and geared basis, an initial Ordinary Share dividend yield of 4.75% p.a.1, which is expected to increase progressively through regular indexation events inherent in underlying lease agreements and by increasing rents through asset management initiatives, and a total return on the Ordinary Shares of 9.0% p.a.1 over the medium-term. The Company intends to pay dividends on a quarterly basis with shareholders able to receive dividends in Sterling or Euro.
In accordance with the Company’s dividend policy, dividends are declared in Euro and paid, by default, in Sterling. However, shareholders are able to elect to receive dividends in Euro by written notice to Computershare Investor Services PLC, the Company’s Registrar (such election to remain valid until written cancellation or revocation is given to the Registrar).
Copies of the currency election form are available via the Company's website or the link below: https://www-uk.computershare.com/Content/download.asp?docId={E2286E1E-69BD-4E76-BEA0-836A87047E71}&cc=UK&lang=en&bhjs=1&fla=0&theme=cpu
The latest date for receipt by the Registrar of completed currency election forms is 20 May 2019. Instructions on how to complete and return the form are set out in the currency election form.
The Euro/Sterling exchange rate for dividend payments made in Sterling will be determined and announced on or around 22 May 2019.
Note:
1. Euro denominated returns, by reference to IPO issue price. These are targets only and not profit forecasts. There can be no assurances that these targets will be met and they should not be taken as indications of the Company’s expected or actual future results.
