Member Article

Warrington healthcare property business confirms REIT status

Warrington-based business Assura has confirmed its status as a Real Estate Investment Trust (REIT) on the London Stock Exchange.

The healthcare property landlord pledged to offer its shareholders a higher dividend in its announcement, which said its REIT status came into effect on the 1st April.

In a short statement, the company said: “Our quarterly dividend for the period from 1 January to 31 March 2013 will be increased to 0.3025 pence per share, equivalent to 1.21 pence per share on an annualised basis.

“The dividend will be paid on 24 April 2013 to shareholders on the register on 12 April 2013.

“The regime provides Assura with a number of tax efficiencies, access to a global specialist investor base and is consistent with our commitment to a progressive dividend policy.”

Assura operates from offices in London and Warrington and was floated on the stock exchange in 2003.

This was posted in Bdaily's Members' News section by Miranda Dobson .