04 May 2017

DRIP REIT - Dividend Declaration, May 2017

4 May 2017

Drum Income Plus REIT plc
("Drum" or the "Company")

Dividend Declaration

The Company announces an interim dividend of 1.375p per share in respect of the quarter ended 31 March 2017.  This represents an increase 4.8% on the dividend paid in respect of the same period last year.  The whole of the dividend will be designated as an interim property income distribution.  This dividend will be paid on 26 May 2017 to shareholders on the register as at 12 May 2017.  The ex-dividend date will be 11 May 2017. 

The Board is targeting fully covered aggregate quarterly dividends of at least 5.5p per share in respect of the year ending 30 September 2017 and at least 6.0p per share in respect of the year ending 30 September 2018*. 

*Target returns only and not a profit forecast. There can be no assurance that these targets will be met and they should not be taken as an indication of expected or actual current or future results. 

 

Enquiries:

Drum Real Estate Investment Management (Investment Manager)
Bryan Sherriff: 0131 285 0050

Cantor Fitzgerald Europe (Financial Adviser and Corporate Broker)
Sue Inglis (Corporate Finance): 020 7894 8016
Richard Sloss (Sales): 0131 240 3863

Dickson Minto W.S. (Sponsor)
Douglas Armstrong: 020 7649 6823

Drum Income Plus REIT plc
Martin Cassels (Company Secretary): 0131 550 3760

Weber Shandwick (Financial PR)
Richard Bright: 0131 556 6649
Nick Oborne :020 7067 0721

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