The NewRiver REIT have announce their focus is on managing cash resources very carefully and maintaining liquidity in the business. The Company has £72 million of unrestricted cash reserves and £45 million of undrawn revolving credit facilities, giving available liquidity of £117 million.
NewRiver benefits from a wholly unsecured balance sheet. No bank refinancing events are due prior to August 2023, with the Company's £300 million corporate bond not due for repayment until 2028.
Consistent with NewRiver's focus on cash preservation and liquidity, the Board has decided not to pay a fourth quarter dividend. This preserves £17 million of cash. The Company will update shareholders on dividends at the time of its Full Year Results announcement.