Last checked at 
26 Apr 2021 07:00
Chenavari Toro Income Fund Limited (the Company)
26 April 2021
Quarterly Dividend for the Quarter ended 31 March 2021
In line with the enhanced dividend policy announced by the Company on 8 June 2020 (the "Enhanced Dividend Policy"), the Company is pleased to announce payment of its quarterly dividend of 2.5% (Euro 0.018 per ordinary share) (the "Regular Quarterly Dividend") for the period from 1 January 2021 to 31 March 2021.
Payment will be made on 11 June 2021 to holders of ordinary shares recorded on the register as at close of business on 7 May 2021 with an ex-dividend date of 6 May 2021. The quarterly Dividend Yield remains targeted at 2.5% quarterly.
Shareholders wishing to take the dividend in scrip, or to make a dividend currency election, should note that the last date to make an election to join the Scrip dividend scheme or make a currency election to be eligible for the dividend paying on 11 June 2021 is 17:00 on 19 May 2021. The Scrip Reference Price will be calculated and announced on or around 13 May 2021.
With effect from 1 January 2021, the maximum cash balance cap will be reduced to a level of not more than 5 per cent. of NAV, unless the investment manager, at its discretion, decides to maintain such cap at a maximum of 10 per cent., should market opportunities in liquid and tradable European ABS / CLO arise.
Further information in relation to the Company is available at:
http://www.chenavaritoroincomefund.com
Enquiries:
Guy Goyard
Chenavari Investment Managers
Email: tlir@chenavari.com
Telephone: +44 20 7259 3600