Dividend cover template

RNS Number : 9033E

City of London Investment Group PLC

11 November 2020

 

City of London Investment Group PLC





11th November 2020

CITY OF LONDON INVESTMENT GROUP PLC

("City of London", "the Company" or "the Group")

Dividend cover template

City of London Investment Group (LSE: CLIG), is pleased to announce that following the completion of the merger with Karpus Management Inc ("KMI") on 1st October 2020 (the "Completion Date"), the Company has re-instated its dividend cover template on its website https://www.citlon.com/investor-relations/dividend-cover.php. The dividend cover template shows the quarterly estimated cost of a maintained dividend against actual post-tax profits for last year, the current year and the assumed post-tax profit for next financial year based upon specified assumptions.

On a consolidated basis, as of 31st October 2020, the Group managed client assets of approximately US$9.5 billion. The integration of operational areas such as Finance and Information Technology is underway and progressing on schedule.

For further information, please visit http://www.citlon.co.uk/ or contact:

Tom Griffith, CEO

City of London Investment Group PLC

Tel: [phone]

Martin Green

Zeus Capital Limited

Financial Adviser & Broker

Tel: [phone]

 

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