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European Assets Trust PLC announced an October quarterly dividend of 2.0 pence per share, payable on 29 October 2021 to shareholders registered by 8 October 2021, with an ex-dividend date of 7 October 2021. This dividend brings the cumulative total for four interim dividends in 2021 to 8.0 pence per share, representing six per cent of the net asset value per share as at 31 December 2020. As of 30 June 2021, the Company reported a Distributable Reserve of £336 million, and on 27 September 2021, had €5 million undrawn from its €45 million loan facility and a cash balance of €12.2 million.
| Date | 28 Sept 2021 |
| Time | 15:53:26 |
| Category | Capital structure |
| ID | 2689N |
To: RNS
From: European Assets Trust PLC
Date: 29 September 2021
LEI: 213800N61H8P3Z4I8726
European Assets Trust PLC ("the Company") announces that a dividend of 2.0 pence per share will be paid on 29 October 2021 to shareholders on the register on 8 October 2021, having an ex-dividend date of 7 October 2021.
In addition, the Company has paid dividends in January, April and July 2021. These four interim dividends, with a cumulative total of 8.0 pence per share, provide an annual payment to shareholders representing six per cent of the closing net asset value per share of the Company as at 31 December 2020.
As at 30 June 2021, the Company's unaudited interim financial statements reported a Distributable Reserve of £336 million. In addition, as at 27 September 2021, the latest practicable date prior to publication of this announcement, €5 million of the Company's €45 million multi-currency loan facility with RBSI was undrawn and the Company had a cash balance of €12.2 million.
Enquiries:
Scott McEllen
BMO Investment Business Limited Tel: 0207 628 8000