28 Sep 2020 07:00
28 September 2020
LXi REIT plc
(the "Company" or the "Group")
APPOINTMENT OF JOINT CORPORATE BROKER
The Board of LXI REIT plc (LXI) announces that it has appointed, with immediate effect, Jefferies International Ltd as the Company's joint corporate broker, alongside the Company's existing corporate broker Peel Hunt LLP.
FOR FURTHER INFORMATION, PLEASE CONTACT:
LXI REIT Advisors Limited John White (Partner, Fund Manager) Simon Lee (Partner, Fund Manager) | Via Maitland/AMO |
Peel Hunt LLP Luke Simpson/Liz Yong | Tel: 020 7418 8900 |
Jefferies International Ed Matthews/Tom Yeadon | Tel: 020 7029 8000 |
Maitland/AMO (Communications Adviser) James Benjamin | Tel: 020 7379 5151 Email: lxireit-maitland@maitland.co.uk |
The Company's LEI is: 2138008YZGXOKAXQVI45
NOTES:
LXI REIT plc invests in UK commercial property assets let, or pre-let, on very long (typically 20 to 30 years to expiry or first break), inflation-linked leases to a wide range of strong tenant covenants across a diverse range of robust property sectors.
The Company may invest in fixed-price forward funded developments, provided they are pre-let to an acceptable tenant and full planning permission is in place. The Company will not undertake any direct development activity nor assume direct development risk.
The Company is targeting a quarterly dividend of 1.35 pence per ordinary share for the quarter that commenced 1 July 2020.* It will continue to monitor the improving visibility on its future rent collection as the UK moves out of lockdown and is keeping its dividend guidance under careful review on a quarterly basis.
The Company, a real estate investment trust ("REIT") incorporated in England and Wales, is listed on the premium listing segment of the Official List of the UK Listing Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in February 2017.
The Company is a constituent of the FTSE 250, EPRA/NAREIT and MSCI indices.
Further information on the Company is available at www.lxireit.com
* These are guidance levels or targets only and not a profit forecast and there can be no assurance that they will be met.