Starwood European Real Estate Finan Dividend Declaration (2669W)
26 Avril 2016 - 8:01AM
UK Regulatory
TIDMSWEF
RNS Number : 2669W
Starwood European Real Estate Finan
26 April 2016
26 April 2016
Starwood European Real Estate Finance Limited: Dividend
Declaration
Starwood European Real Estate Finance Limited (the "Company")
has declared a dividend in respect of the period 1 January 2016 to
31 March 2016 of 1.625 pence per Share, payable on 19 May 2016 to
Shareholders on the register at 6 May 2016. The ex-dividend date
will be 5 May 2016.
This is in line with the target dividend communicated in the
second half of 2015. The Group had a strong first quarter of 2016
and earnings could support a 1.75 pence (7.0 pence annualised)
dividend. However, the board decided that the payment of a 6.5
pence annualised dividend would enable a small contingency to be
retained from those solid quarterly earnings in the context of the
current underlying loan repayments. The board has decided it would
prefer to ensure, so far as is possible, that it has sufficient
reserves to pay a consistent 6.5 pence dividend.
For further information, please contact:
Ipes (Guernsey) Limited
Nick Robilliard
T: +44 1481 735827
Notes:
Starwood European Real Estate Finance Limited is an investment
company listed on the main market of the London Stock Exchange with
an investment objective to provide Shareholders with regular
dividends and an attractive total return while limiting downside
risk, through the origination, execution, acquisition and servicing
of a diversified portfolio of real estate debt investments in the
UK and Continental European markets.
www.starwoodeuropeanfinance.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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