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5 May 2020 07:01
Pollen Street Secured Lending plc (the "Company")
DIVIDEND DECLARATION
On 4 May 2020, the Directors declared an interim dividend of 12p per ordinary share for the three month period to 31 March 2020. The dividend will be covered by income of 12p, from Company's revenue reserve.
The dividend will be paid on 19 June 2020 to shareholders on the register as of 15 May 2020. The ex-dividend date is 14 May 2020.
The Company has elected to designate all of the interim dividend for the three month period to 31 March 2020, as an interest distribution to its shareholders. In doing so the Company is taking advantage of UK tax treatment by "streaming" income from interest-bearing investments into dividends that will be taxed in the hands of shareholders as interest income.
No tax will be deducted at source from the interest distribution paid on 19 June 2020, or from future interest distributions following changes to the taxation of dividends effective from 6 April 2019.
The last date for elections for the Dividend Reinvestment Plan is 29 May 2020.
5 May 2020
Contact Information:
| |
Enquiries: | |
PSC Credit Holdings LLP
| +44 (0)20 3948 7379 |
Media enquiries: | |
Camarco | +44 (0)203 757 4994 |
Investor information
Further up to date information, including Net Asset Values and share prices, and the latest available monthly newsletter and portfolio information, is provided on the Company's website, which can be accessed via https://pollenstreetsecuredlending.com/. Information can also be obtained from the Investor Services, ir@pollenstreetsecuredlending.com.
END OF ANNOUNCEMENT
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