EUROPEAN ASSETS TRUST PLC

Notice of Dividend Amount • Mar 31, 2020

National Storage Mechanism | Additional information

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RNS Number : 1025I

European Assets Trust PLC

31 March 2020

To:                   RNS

From:              European Assets Trust PLC

Date:               31 March 2020

LEI:                  213800N61H8P3Z4I8726

April Quarterly Dividend

European Assets Trust PLC ("the Company") announces that a dividend of 1.755 pence per share will be paid on 30 April 2020 to shareholders on the register on 14 April 2020, having an ex-dividend date of 9 April 2020. 

While the future economic and financial impact of the Covid-19 pandemic cannot be assessed, as at 27 March 2020, the latest practicable date prior to publication of this announcement, the Company was ungeared, had a cash balance of £16 million and a Distributable Reserve of £374 million.

On 7 January 2020, in accordance with its distribution policy, the Company announced a total dividend of 7.020 pence per share, payable in four equal instalments of 1.755 pence throughout 2020, providing an annual payment to shareholders representing six per cent of the closing net asset value per share of the Company as at 31 December 2019.

The Company paid a first interim dividend of 1.755 pence in January 2020.  In addition to this April dividend, the Company intends to declare and pay further dividends of 1.755 pence in July and October 2020.

Enquiries:

Scott McEllen

BMO Investment Business Limited                Tel:  0207 628 8000

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