Dividend Declaration

RNS Number : 7019L

Polar Cap Gbl Healthcare Growth&IT

03 August 2011

 



Polar Capital Global Healthcare Growth and Income Trust

3 August 2011

Initial Accounts and Dividend

The Board of Polar Capital Global Healthcare Growth and Income Trust plc announces that initial accounts for the period from incorporation on 12 May 2010 to 30 June 2011 have been prepared and will be lodged at Companies House.

The Board has declared a fourth interim dividend of 1.8p per ordinary share to shareholders on the register on 12 August 2011.  The dividend will be paid on 31 August 2011 and the shares will trade ex-dividend from 10 August 2011.

As described in the prospectus, in the period from admission of the ordinary shares to trading on the London Stock Exchange to 30 September 2011 the Company will have paid four interim dividends.  In total these dividends will amount to 3.0p per ordinary share. 

The Board expects to continue to pay interim dividends at the end of February, May, August and November in each calendar year.  The next dividend is expected to be paid on 30 November 2011.  This will be the first interim dividend in respect of the financial year to 30 September 2012 and, in line with the practice established by the Company, shareholders should expect the first three interim dividends declared in respect of a financial year to be smaller than the fourth dividend. The Company's policy is to increase the dividend on an annual basis progressively, but there is no guarantee that this will be achieved. 

Enquiries

Dr D Mahony / N P Taylor

Polar Capital LLP

020 7227 2700

 

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