Real Estate Credit Investments sets 3p interim dividend

LONDON - Real Estate Credit Investments Limited (RECI LN) has announced a third interim dividend of 3.0 pence per ordinary share for the fiscal year concluding on March 31, 2025. Shareholders on the register as of the close of business on March 14, 2025, will be eligible for the dividend, which is set to be distributed on April 4, 2025. The company has specified that the ex-dividend date will be March 13, 2025.

In a significant shift from traditional practices, the company has also declared that the upcoming April payment will be the last to support cheque issuance. Future dividend disbursements will transition exclusively to electronic bank transfers, starting with the expected July 2025 payment. Shareholders are advised to register their bank account details with the Company’s Registrar, MUFG Corporate Markets, to facilitate this changeover. The registration can be completed online through the Shares Portal, by downloading and completing the Dividend Mandate Form, or by contacting the Registrar directly.

The move to electronic payments is part of a broader trend across industries aiming to streamline operations and reduce reliance on paper-based processes. This change is also reflective of the increasing digitalization of financial transactions globally. Shareholders are encouraged to ensure their details are updated promptly to ensure the uninterrupted receipt of future dividends.

The company’s decision to switch to electronic payments may also be seen as a measure to enhance security and efficiency in dividend distribution. Electronic payments are generally faster, more secure, and less susceptible to loss or theft compared to traditional cheques.

This announcement is based on a press release statement and provides shareholders with essential information regarding the upcoming dividend payment and the procedural changes for future dividends. Real Estate Credit Investments Limited is taking steps to ensure a smooth transition for its shareholders as it modernizes its dividend payment process.

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