UPDC REIT proposes 33kobo final dividend

The UPDC Real Estate Investment Trust has proposed a final distribution of N0.33k per unit for the financial year ended 31 December 2025, in a  corporate action announcement released to the Nigerian Exchange on Wednesday,

The announcement signals a consistent return for investors in the real estate sector, despite the broader economic climate. The payout is, however, subject to the appropriate withholding tax and final approval during the trust’s upcoming general meeting.

“A final distribution of N0.33k for every unit held, subject to appropriate withholding tax and approval, will be paid out to Unit Holders whose names appear in the Register of members as of close of business on Friday, 17 April 2026,” the filing confirmed.

The trust has outlined a strict timeline for the disbursement of funds. Investors looking to benefit from this payout must ensure their names are on the register by the qualification date of 17 April. Following this, the register of unitholders will be briefly closed to facilitate the processing of the distribution.

“The register of unitholders will be closed from Monday, 20 April 2026 to Friday, 24 April 2026,” the company secretary, Tolg Nominees, stated in the announcement.

Payment is scheduled to be executed electronically on Wednesday, 6 May 2026, coinciding with the trust’s General Meeting. However, the management emphasised that only investors who have migrated to the electronic payment system will receive the funds directly.

“On Wednesday, 6 May 2026, distribution will be paid electronically to Unit Holders… who have completed the e-distribution registration and mandated the Registrar to pay their distribution directly into their bank accounts.”

Addressing the issue of stale payments, the REIT also used the filing to urge investors with outstanding dividends to settle their records.

“Unit Holders with distribution warrants and share certificates that have remained unclaimed or are yet to be presented for payment or returned for validation are advised to complete the e-distribution registration or contact the Registrar.”

Investors are directed to First Registrars & Investors Services to complete their mandates ahead of the May payment date.