Belgian listed company investing in healthcare real estate

Dividend policy

 

The Company must distribute, as return on capital, an amount corresponding at least to the positive difference between the following amounts:

  • 80% of an amount equal to the sum of the adjusted result and the net capital gains on realisation of investment properties not exempt from the obligation of distribution (see Glossary);
  • and the net decrease, during the financial year, in the debt of the public Belgian REIT (see Glossary).


The coupon will be paid each year after the date of the Annual General Meeting which is fixed in the articles of association to the fourth Tuesday of the month of October. We refer you to the financial calendar.

 

Dividend relating to the 2019/2020 financial year

For the 2019/2020 financial year, Aedifica proposes a gross dividend of 3.00 euro per share, an increase of 7% as compared to the dividend for the 2018/2019 financial year. Coupon 23 was already detached on 24 April in the context of a capital increase. After approval by the general meeting on Tuesday 27 October 2020, the dividend will be paid five working days after the date of the ordinary general meeting. In 2020, the dividend relating to the 2019/2020 financial year (coupon 23 & 24) will therefore in principle be paid as from 4 November 2020 (these dates may change following the Extraordinary General Meeting of 20 May 2020).

As a RREC investing more than 60% of its portfolio in healthcare property, the withholding tax for Aedifica investors amounts to only 15%. After deduction of the 15% withholding tax, the net dividend will amount to 2.108 euro for coupon 23 and 0.442 euro for coupon 24.

Coupon Period Detachment Gross dividend Net dividend
23 01/07/2019 - 27/04/2020 24/04/2020 2.48 € 2.108 €
24 28/04/2020 - 30/06/2020 02/11/2020 0.52 € 0.442 €