Investor Relations

Real Estate Investment Trusts


McKay Securities Plc converted to a Real Estate Investment Trust (REIT) on 1st April 2007, and as a result no longer pays UK corporation tax in respect of rental income and capital gains relating to its property rental business. REIT status does not alter the structure or activities of the Company.

Following conversion, the Company is required to distribute at least 90% of qualifying income profits each year as a Property Income Distribution (PID). The total distribution paid is likely to be a combination PID and non PID (ordinary dividend) elements. PID payments will generally be paid out after deduction of withholding tax at the current basic rate of 20% (non-PID (ordinary dividends) will be subject to taxation charges from 6th April 2016). Certain classes of shareholder may be able to claim exemption from this deduction and further information is contained in the Tax Consequences note below.

2019
2018
REIT - Tax Consequences for Shareholders Download PDF
REIT - Declaration - beneficial owner Download PDF
REIT - Declaration - intermediary Download PDF
2017
REIT – Tax Consequences for Shareholders Download PDF
REIT - Declaration - beneficial owner Download PDF
REIT - Declaration - intermediary Download PDF
2016
REIT - Tax Consequences for Shareholders Download PDF
REIT - Declaration - beneficial owner Download PDF
REIT - Declaration - intermediary Download PDF
2007
REIT - Results of EGM (28th February 2007) Download PDF
REIT - Conversion Statement (5th February 2007) Download PDF
REIT - EGM Circular (5th February 2007) Download PDF