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19 May 2020
The Board of Tritax EuroBox plc (tickers: EBOX (Sterling), BOXE (Euro)), which invests in Continental European logistics real estate assets, has today declared an interim dividend in respect of the period from 1 January 2020 to 31 March 2020 of 1.10 cents per Ordinary Share, payable on or around 15 June 2020 to shareholders on the Register on 29 May 2020. The ex-dividend date will be 28 May 2020.
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
The latest date for receipt by the Registrar of completed currency election forms is 1 June 2020. 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 3 June 2020.
For further information, please contact:
+44 (0) 20 7290 1616
Jefferies International Limited
+44 (0) 20 7029 8000
Kempen & Co N.V.
Thomas ten Hoedt
+31 (0) 20 348 8500
+44 (0) 20 7493 3631
Maitland/AMO (Communications Adviser)
+44 (0) 20 7379 5151
The Company’s LEI is: 213800HK59N7H979QU33
Tritax EuroBox plc invests in and manages a well-diversified portfolio of well-located Continental European logistics real estate assets that are expected to deliver an attractive capital return and secure income to shareholders. These assets fulfil key roles in the logistics and distribution supply-chain focused on the most established logistics markets and on the major population centres across core Continental European countries.
Occupier demand for Continental European logistics assets is in the midst of a major long-term structural change principally driven by the growth of e-commerce. This is evidenced by technological advancements, increased automation and supply-chain optimisation, set against a backdrop of resurgent economic growth across much of Continental Europe.
The Company is targeting, 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 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.
Further information on Tritax EuroBox plc is available at www.tritaxeurobox.co.uk
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. Accordingly, potential investors should not place any reliance on the target in deciding whether or not to invest in the Company and should not assume that the Company will make any distributions at all and should decide themselves whether or not the target is reasonable or achievable.