REG - VPC Specialty - Dividend Declaration

VPC Specialty Lending InvestmentsAnnouncement

29/08/2024 07:00

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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                              via Jefferies or Winterflood (below) info@vpcspecialtylending.com

 Gordon Watson

 Sora Monachino

 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                           Tel: +44 (0)7717 857736 / +44 (0)7798 626282

 Matthew Jervois                                   vpc@montfort.london

 Gay Collins

 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 (http://vpcspecialtylending.com) .

 

LEI: 549300UPEXC5DQB81P34

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