UK GOV EXTENDING THE RANGE OF ELIGIBLE INVESTMENTS

RNS Number : 4960Q

VPC Specialty Lending Invest. PLC

18 June 2015

 

18 June 2015

VPC Specialty Lending Investments PLC

uk GOVERNMENT EXTENDING THE RANGE OF ELIGIBLE INVESTMENTS IN AN ISA

The Board of VPC Specialty Lending Investments PLC (the "Company") (ticker: VSL) notes the recent announcement by HM Revenue & Customs ("HMRC") allowing shares in investment trusts to be held within Individual Savings Accounts ("ISA") where more than 50% of the investment trust's assets are non-qualifying debt securities, with effect from 1 July 2015.

Having taken legal advice, the Board is pleased to confirm that this rule change should ensure that the Company's shares will qualify for ISA inclusion.

For further information, please contact:

Victory Park Capital Brendan Carroll (Senior Partner and Co-Founder)	via Newgate (below)
Gordon Watson (Principal, Investment Manager)
Jefferies International Limited (Corporate Broker)	Tel: [phone]
Gary Gould
Alex Collins
Newgate (PR adviser)	Tel: [phone]
James Benjamin Sara Hourigan Andre Hamlyn	Email: [e-mail]

NOTES:

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 dividend income and capital growth via investments in a diverse portfolio of various platforms, asset classes, geographies (primarily US and Europe) and credit bands. The Company expects to be substantially fully invested within a period of six months following Admission.

Since 2010, the Company's investment manager, Victory Park Capital, has been actively involved in the specialty lending marketplace and has made more than $3.1 billion of investments and commitments across a number of financial technology platforms, multiple geographies (U.S., U.K. 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 www.vpcspecialtylending.com 

 

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