13 November 2024
VPC Specialty Lending Investments PLC
(the "Company")
DIVIDEND DECLARATION
The Board of Directors of the Company has declared an interim dividend of 1.34 pence per share for the three-month period to 30 September 2024. The dividend will be paid on 19 December 2024 to shareholders on the register as at 22 November 2024. The ex-dividend date is 21 November 2024.
As noted in the previous dividend announcement, the dividend in respect of this period is materially lower than the prior quarter. The 1.34 pence per share dividend represents 1.04 pence generated by the net revenue return earned for the three-month period to 30 September 2024 and 0.30 pence from existing revenue reserves.
In future periods, dividends will be no less than 85% of earned net revenues which, as previously noted, are likely to fall as the portfolio composition changes.
The Company has elected to designate all of the interim dividend for the three-month period to 30 September 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:
| Victory Park Capital Gordon Watson Sora Monachino | via Winterflood (below) info@vpcspecialtylending.com |
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| Winterflood Securities Limited | Tel: +44 20 3100 0000 |
| Joe Winkley
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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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