The Company has declared a third interim dividend, in respect of the period starting 28 November 2012 and ending 31 December 2012, of 0.46p per Sterling Share, payable on 4 February 2013 to holders of Sterling Shares on the register on 11 January 2013.
The ex-dividend date will be 9 January 2013.
On 12 November 2012 the Company declared a second interim dividend of 0.79p per Sterling Share, in respect of the period from 1 October 2012 to 27 November 2012 with a record date of 23 November 2012. This second interim dividend is also payable on 4 February 2013.
Subject to market conditions and the Master Fund's performance, the financial position of the Company and the financial outlook, it is the Directors' intention to pay quarterly dividends to Sterling Shareholders.
Whilst not forming part of its investment objective or policy, the Company will, in the absence of unforeseen circumstances, target an annualised dividend in respect of the period from launch to 30 June 2013 of 4.75p per Sterling Share (reflecting the investment period following launch) and thereafter will target an annual dividend of 5.0p per Sterling Share per annum. The amount expected to be distributed is expected to be as follows:
4 February 2013
4 February 2013
Early May 2013
Early August 2013
Early November 2013
In light of the nature of the shareholder register, the Board concluded that the provision of a scrip alternative to the cash dividend would not have sufficient uptake to justify the cost of providing it. This situation will be kept under review.
For further information please contact:
Dexion Capital (Guernsey) Limited, Investment Manager
+44 1481 743940
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