REG - VPC Specialty - Dividend Declaration

VPC Specialty Lending InvestmentsAnnouncement

13/11/2024 07:15

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RNS Number : 9799L  VPC Specialty Lending Invest. PLC  13 November 2024

13 November 2024

VPC Specialty Lending Investments PLC

(the "Company")

DIVIDEND DECLARATION

 

The Board of Directors of the Company has declared an interim dividend of 1.34
pence per share for the three-month period to 30 September 2024. The dividend
will be paid on 19 December 2024 to shareholders on the register as at 22
November 2024. The ex-dividend date is 21 November 2024.

 

As noted in the previous dividend announcement, the dividend in respect of
this period is materially lower than the prior quarter. The 1.34 pence per
share dividend represents 1.04 pence generated by the net revenue return
earned for the three-month period to 30 September 2024 and 0.30 pence from
existing revenue reserves.

 

In future periods, dividends will be no less than 85% of earned net revenues
which, as previously noted, are likely to fall as the portfolio composition
changes.

 

The Company has elected to designate all of the interim dividend for the
three-month period to 30 September 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 Winterflood (below)

 Gordon Watson                                     info@vpcspecialtylending.com

 Sora Monachino

 Winterflood Securities Limited                    Tel: +44 20 3100 0000
 Joe Winkley

 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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