– UK, London – Impact Healthcare REIT plc (LON: IHR), the real estate investment trust which gives investors exposure to a diversified portfolio of UK healthcare real estate assets, today announced the appointment of Cedi Frederick to its Board as an Independent Non-Executive Director on 1 April 2024.
Cedi Frederick will also join the Audit, Nomination, Remuneration, and Management Engagement Committees.
The company also announced that Philip Hall will retire from the Board at the AGM on 21 May 2024.
“I am delighted to welcome Cedi Frederick to the Board. We have been looking to strengthen further the Board’s experience in the broader healthcare arena, and Cedi’s extensive career in this sector and his wider expertise equip him well to make a strong contribution to the Board. We very much look forward to working with him,” said Board Chair, Simon Laffin.
About Cedi Frederick
Over his 40-year career, Cedi Frederick has held several senior management, chief executive, and board member positions in the healthcare and housing sectors across the public, private and not-for-profit arenas. He is Chair of NHS Kent and Medway, Chair of the Health and Europe Centre, Co-Chair of Inspire for Black Londoners, and Non-Executive Director of Sage Homes.
Cedi Frederick is also the owner and Managing Director of Article Consulting Ltd, which works with and supports the ‘Leaders of Today and Tomorrow’, and the CEO of a health tech start-up. Previously, Cedi was a Non-Executive Director of two specialist NHS Mental Health Trusts, Chair of an NHS Hospital Trus,t and Governor of Canterbury Christ Church University.
About Impact Healthcare REIT
Impact Healthcare REIT plc acquires, renovates, extends, and redevelops high-quality healthcare real estate assets in the UK and lets these assets on long-term full repairing and insuring leases to high-quality established healthcare operators that offer good quality care, at least providing the Company with attractive levels of rent cover.
The Company aims to provide shareholders with an attractive sustainable return, principally in the form of quarterly income distributions and with the potential for capital and income growth, through exposure to a diversified and resilient portfolio of UK healthcare real estate assets, in particular care homes for the elderly.
The Company’s dividend policy is to maintain a progressive dividend that is covered by adjusted earnings.
On this basis, the target total dividend for the year ending 31 December 2024 is 6.95 pence per share*, a 0.18 pence increase over the 6.77 pence in dividends paid or declared per ordinary share for the year ended 31 December 2023.
The Group’s Ordinary Shares trade on the main market of the London Stock Exchange, premium segment. The Company is a constituent of the FTSE EPRA/NAREIT index.
* This is a target only and not a profit forecast. There can be no assurance that the target will be met and it should not be taken as an indicator of the Company’s expected or actual results.
SOURCE: https://www.impactreit.uk/
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