17 September 2019
Palace Capital PLC
("Palace Capital" or the "Company")
Palace Capital (LSE: PCA), the UK REIT that has a diversified portfolio of UK regional commercial real estate in carefully selected locations outside of London, is pleased to announce that it will pay a quarterly dividend, in respect of the three months ended 30 June 2019, of 4.75 pence per ordinary share on 18 October 2019 to shareholders on the register as at 27 September 2019. As this dividend relates to the period prior to REIT conversion it is an ordinary dividend.
Palace Capital became a UK REIT on 1 August 2019, the first dividend distribution as a UK REIT is expected to be paid in December 2019.
For further information, contact:
Heraclis Economides / Oliver Hardy
Tel: +44 (0)20 7260 1000
Arden Partners plc
Corporate Finance: Paul Shackleton / Ciaran Walsh / Daniel Gee-Summons
Corporate Broking: James Reed-Daunter
Tel: +44 (0)207 614 5900
FTI Consulting (Financial PR)
Claire Turvey / Methuselah Tanyanyiwa
Tel. +44 (0)20 7271000
About Palace Capital plc (www.palacecapitalplc.com):
Palace Capital plc (LSE: PCA) is a Main Market listed property investment company that has a c. £280 million diversified portfolio of UK regional commercial property. The Company maintains a disciplined investment strategy focused on towns and cities outside of London that are characterised by thriving local economies and strengthening fundamentals. Within those locations, the highly experienced management team selects assets that provide opportunity to drive both capital value and long-term rental income through tailored active asset management programmes, ultimately delivering attractive shareholder returns.