SRI Dividend FX Determination Neutral

SUPERMARKET INCOME REIT PLC - Notice of dividend currency exchange rate (South African Rand) and Tax implications for South African shareholders

Supermarket Income REIT
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What this filing means

Supermarket Income REIT has confirmed a ZAR exchange rate of 22.35 for its third quarterly dividend, resulting in a gross payout of 34.53075 cents per share.

Bull case

  • The company has confirmed a gross local dividend amount of 34.53075 ZAR cents per share, providing clear income visibility for South African shareholders.
  • The dividend payment process remains on schedule for the 29 May 2026 payment date, maintaining the company's track record of reliable capital returns.

Bear case

  • South African shareholders face significant tax leakage, with a 20% UK withholding tax and an additional effective 5% SA dividends tax, reducing the net dividend yield to 25.89806 ZAR cents for local tax residents.

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Category
Dividend FX Determination
Published
May 4, 2026

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