Gross dividend: EUR 0.5800 per share
Net dividend (*): EUR 0.5550 per share
The dividend will be paid entirely in cash.
(*) The net dividend includes a Property Income Distribution ("PID") component of GBP 0.1076 per ordinary share (EUR 0.1251 per ordinary share based on a GBP/EUR exchange rate of 1.1625). The net dividend assumes a 20% UK withholding tax on the PID component. Net dividend amounts are shown rounded to four decimal places; actual amounts credited by intermediaries may vary due to rounding and individual tax circumstances.
What is the United Kingdom withholding tax (“WHT”)?
The United Kingdom applies a withholding tax on Property Income Distributions (“PID”) paid by UK REITs to investors at a current rate of 20%.
Shurgard will provide the PID component per dividend distribution on its website.
Do I qualify for a lower WHT rate?
Investors may qualify for a withholding tax reduction or exemption paid on their PID dividends proceeds. However, all investors have different circumstances under United Kingdom domestic tax law or with regard to their own coverage under any Double Tax Treaty (“DTT”) between their country of tax residence and the United Kingdom and therefore should consult a qualified tax advisor to ensure that they are personally eligible for a reduced rate or for an exemption.
If lower WHT rate is applicable, what do I need to do?
In case you are eligible for a reduced rate or for an exemption, you can claim a refund from the tax administration after the payment of the dividend. Please consult with your own tax advisor for further details in this respect.
Alternatively, in the event that you assessed that you are eligible for an upfront withholding tax relief, it will be necessary to liaise with Shurgard Self Storage Ltd for further information at the latest 21 days before the payment date of the dividend (see contact details below). Please be aware that non-UK tax residents do not qualify for an upfront withholding tax relief. This option is only available for a small range of investors (please refer to our ‘Shareholder information’ page for some additional information). Beyond this date, no upfront relief can be processed.
Caroline THIRIFAY
Director of Investor Relations
Investor.relations@shurgard.co.uk
Important note
Shurgard Self Storage Ltd does not provide tax advice. This summary has been prepared for information purposes only and is not intended to provide, and should not be relied on, as tax advice. You should consult your own tax advisors.
See Alternative Performance Measures for definitions of terms used on our website
