Stenprop shareholders are referred to the circular (the “circular”) and the announcement issued on Thursday, 19 December 2019 in respect of an election to receive the interim dividend of 3.375 pence per share (the “dividend”) for the six months ended 30 September 2019, either as a cash dividend (the “cash dividend”) or as a scrip dividend (the “scrip dividend”). Shareholders are now advised that the dividend will be paid as follows:
- 1.710 pence (50.67%) will comprise a property income distribution (“PID”). The PID will be subject to a deduction of a 20% United Kingdom (“UK”) withholding tax unless exemptions apply.
- 1.665 pence (49.33%) will comprise a non-PID. The non-PID will be treated as an ordinary UK company dividend, with no UK withholding tax deducted.
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