29 August 2024
VPC Specialty Lending Investments PLC
(the "Company")
DIVIDEND DECLARATION
The Board of Directors of the Company has declared an interim dividend of 1.89 pence per share for the three-month period to 30 June 2024. The dividend will be paid on 3 October 2024 to shareholders on the register as at 6 September 2024. The ex-dividend date is 5 September 2024.
The dividend declared of 1.89 pence per share represents a 2.00p equivalent dividend adjusted to reflect the reduction to NAV as a consequence to the B-Shares issued to shareholders on 19 April 2024 and redeemed on 25 April 2024.
The Board notes that, as previously described, changes to the portfolio composition as debt positions are repaid or restructured are resulting in materially lower levels of income at a portfolio level which will be reflected in what is likely to be a substantial reduction in the dividend in future periods, although as an investment company dividends will represent a distribution of no less than 85% of gross income.
The Company has elected to designate all of the interim dividend for the three-month period to 30 June 2024 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 therefore be deducted at source from this, or from future interest distributions.
Enquiries
For further information, please contact:
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Victory Park Capital Gordon Watson Sora Monachino |
via Jefferies or Winterflood (below) info@vpcspecialtylending.com |
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Jefferies International Limited |
Tel: +44 20 7029 8000 |
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Stuart Klein |
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Gaudi le Roux |
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Winterflood Securities Limited |
Tel: +44 20 3100 0000 |
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Joe Winkley |
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Neil Morgan
Montfort Communications Matthew Jervois Gay Collins
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Tel: +44 (0)7717 857736 / +44 (0)7798 626282 vpc@montfort.london |
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Link Company Matters Limited (Company Secretary) |
Tel: +44 20 7954 9567 Email: VPC@linkgroup.co.uk |
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About VPC Specialty Lending Investments PLC
VPC Specialty Lending Investments PLC (Company No. 9385218) is a UK listed investment trust focused on realising the Company's investments in an orderly manner, that is, with a view to achieving a balance between returning cash to Shareholders promptly and maximising value. The Company is focused on asset-backed lending to emerging and established businesses with the goal of building long-term, sustainable income generation. Asset backed lending affords various structural protections and covenants which are designed to limit downside risk while providing shareholders with strong income returns.
Further information on VPC Specialty Lending Investments PLC is available at: http://vpcspecialtylending.com.
LEI: 549300UPEXC5DQB81P34
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