Dividend Policy from Prospectus21 Jul 2014 14:09
The Company will seek to provide investors with an annualised
dividend of 6 pence per Ordinary Share3 and will aim to
increase this dividend progressively in line with inflation.
The Company’s financial year end is 31 March. Distributions on
the Ordinary Shares are expected to be paid twice a year,
normally in respect of the six month periods to 30 September
and 31 March, and are expected to be made by way of
dividends.
Subject to market conditions and to the level of the Fund’s
income, it is intended that distributions will be paid as dividends
as follows in respect of the period from the date of this
Prospectus to 31 March 2015:
Targeted
Ex-dividend Payment dividend
Period Ending date date amount (pence)4
30 September November December
2014 2014 2014 3.0
31 March 2015 May 2015 June 2015 3.0
In respect of periods from 1 April 2015 the Company will target
dividends payable in June and December each year which will
be equal to the dividend paid in the previous year inflated by
the increase in inflation over the year to 31 March in the
preceding year.