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Dividend Declaration

1 Mar 2017 07:00

RNS Number : 1291Y
VPC Specialty Lending Invest. PLC
01 March 2017
 

1 March 2017

VPC Specialty Lending Investments PLC

(the "Company")

DIVIDEND DECLARATION

The Board of Directors of the Company has declared an interim dividend of 1.50 pence per share for the three-month period to 31 December 2016. The dividend will be paid on 7 April 2017 to shareholders on the register as at 10 March 2017. The ex-dividend date is 9 March 2017.

 

The Company has elected to designate all of the interim dividend for the period to 31 December 2016 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 be deducted at source from the interest distribution paid on 7 April 2017, or from future interest distributions, on the basis of the draft legislation contained within the UK Finance Bill 2017, which will take legislative effect from 6 April 2017.

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

Victory Park Capital

Brendan Carroll (Senior Partner and Co-Founder)

Gordon Watson (Partner, Investment Manager)

 

via MHP (below)

Jefferies International Limited

Tel: +44 20 7029 8000

Gary Gould

Andrew Morris

Stifel Nicolas Europe Limited

Tel: +44 20 7710 7600

Neil Winward

Mark Bloomfield

Gaudi Le Roux

MHP (PR Adviser)

Tel: +44 20 3128 8100

Mark Lunn

Tim Rowntree

Kelsey Traynor

Email: vpc@mhpc.com

 

About VPC Specialty Lending Investments PLC:

VPC Specialty Lending Investments PLC invests in opportunities within the specialty lending market primarily through online lending platforms. The Company intends to generate an attractive total return for shareholders consisting of distributable income and capital growth via investments in a diverse portfolio of various platforms, asset classes, geographies (primarily U.S., U.K., Australia and Europe) and credit bands.

 

Since 2010, the Company's investment manager, Victory Park Capital, has been actively involved in the specialty lending marketplace and has made more than $4.6 billion of investments and commitments across a number of financial technology platforms, multiple geographies (U.S., U.K., Australia and Europe), products (consumer and business) and structures (whole loans and senior credit facilities).

 

Further information on VPC Specialty Lending Investments PLC is available at: http://vpcspecialtylending.com.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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