Tritax EuroBox has today declared an interim dividend in respect of the period from 9 July 2018 to 31 December 2018 of 0.4 cents per ordinary share, payable on or around 29 March 2019 to shareholders on the register on 15 March 2019.
The ex-dividend date will be 14 March 2019. During this initial accounting period, the Company focused on building its investment portfolio and acquired eight prime logistics assets between late September and December 2018. The Company confirms it is targeting, on a fully invested and geared basis, an initial Ordinary Share dividend yield of 4.75% p.a. by reference to the IPO Issue Price, which the Company expects to increase progressively through regular indexation events inherent in underlying lease agreements and by increased rents following the expiration of leases. The Company intends to pay dividends on a quarterly basis.
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
The latest date for receipt by the Registrar of completed currency election forms is 18 March 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 20 March 2019.