Dividend Declaration

RNS Number : 9933R
GLI Alternative Finance PLC
15 March 2016
 

GLI Alternative Finance plc (the "Company")

Dividend Declaration

 

15 March 2016

 

The Directors of the Company today announce the fifth dividend for the period from the Company's Admission on 23 September 2015 to 29 February 2016:

 

Dividend amount:

0.55p per Ordinary Share

Ex-date:

31 March 2016

Record date:

01 April 2016

Payment date:

26 April 2016

 

In aggregate, the Company has declared dividends of 2.65p per Ordinary Share for the period from the Company's Admission on 23 September 2015 to 29 February 2016.

 

Going forward, the Company intends to pay dividends to shareholders on a monthly basis.

 

As stated in the Company's Prospectus, the Company has elected to designate all of the fifth dividend for the period ended 29 February 2016 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.

 

Investors who are eligible to receive the interest distribution without deduction of UK tax should complete the Declaration of Eligibility Form which can be found on the Company's website www.glialternativefinance.com and return the form by post to the Registrar (Capita Asset Services) by 5pm on Friday 1 April 2016.

 

 

Enquiries to:

 

Elysium Fund Management Limited

1st Floor Royal Chambers

St Julian's Avenue

St Peter Port

Guernsey

GY1 3JX

 

elysium@elysiumfundman.com

tel: +44 1481 810 100

GLI Asset Management Limited

Graham Glass

 

graham.glass@gli-am.com

tel: +44 1481 708 240

 

 

 


This information is provided by RNS
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