VPC Specialty Lending Invest. PLC Dividend Declaration
August 29 2024 - 2:00AM
RNS Regulatory News
RNS Number : 0609C
VPC Specialty Lending Invest. PLC
29 August 2024
29 August 2024
VPC
Specialty Lending Investments PLC
(the "Company")
DIVIDEND
DECLARATION
The Board of Directors of the
Company has declared an interim dividend of 1.89 pence per share
for the three-month period to 30 June 2024. The dividend will be
paid on 3 October 2024 to shareholders on the register as at 6
September 2024. The ex-dividend date is 5 September
2024.
The dividend declared of 1.89 pence
per share represents a 2.00p equivalent
dividend adjusted to reflect the reduction to NAV as a consequence
to the B-Shares issued to shareholders on 19 April 2024 and
redeemed on 25 April 2024.
The Board notes that, as previously
described, changes to the portfolio composition as debt positions
are repaid or restructured are resulting in materially lower levels
of income at a portfolio level which will be reflected in what is
likely to be a substantial reduction in the dividend in future
periods, although as an investment company dividends will represent
a distribution of no less than 85% of gross income.
The Company has elected to designate
all of the interim dividend for the three-month period to 30 June
2024 as an interest distribution to its shareholders, thereby
"streaming" income from interest-bearing investments into dividends
that will be taxed in the hands of shareholders as interest income.
No income tax will therefore be deducted at source from this,
or from future interest distributions.
Enquiries
For further information, please
contact:
|
Victory Park Capital
Gordon Watson
Sora Monachino
|
via Jefferies or Winterflood (below)
info@vpcspecialtylending.com
|
|
|
|
|
Jefferies International Limited
|
Tel: +44 20 7029 8000
|
|
Stuart Klein
|
|
|
Gaudi le Roux
|
|
|
|
|
|
Winterflood Securities Limited
|
Tel: +44 20 3100 0000
|
|
Joe Winkley
|
|
|
Neil Morgan
Montfort Communications
Matthew Jervois
Gay Collins
|
Tel: +44
(0)7717 857736 / +44 (0)7798 626282
vpc@montfort.london
|
|
|
|
|
Link Company Matters Limited (Company
Secretary)
|
Tel: +44 20 7954 9567
Email:
VPC@linkgroup.co.uk
|
|
|
|
About VPC Specialty Lending Investments PLC
VPC Specialty Lending Investments
PLC (Company No. 9385218) is a UK listed investment trust focused
on realising the Company's investments in an orderly manner, that
is, with a view to achieving a balance between returning cash to
Shareholders promptly and maximising value. The Company is focused
on asset-backed lending to emerging and established businesses with
the goal of building long-term, sustainable income generation.
Asset backed lending affords various structural protections and
covenants which are designed to limit downside risk while providing
shareholders with strong income returns.
Further information on VPC Specialty
Lending Investments PLC is available at: http://vpcspecialtylending.com.
LEI: 549300UPEXC5DQB81P34
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END
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