Dividend Declaration

RNS Number : 6604C

Greenwich Loan Income Fund Ltd

18 April 2013

 

18 April 2013

Greenwich Loan Income Fund Limited (the "Company" or "GLIF")

2013 First Interim Dividend

The Board has today declared a first interim dividend for 2013 covering the period from 1 January 2013 to 31 March 2013.

Distribution period:	1 January 2013 to 31 March 2013
Distribution amount per share:	1.25 pence
Ex-dividend date:	24 April 2013
Dividend record date:	26 April 2013
Last date to elect/revoke elections:	24 May 2013
Payment date/Allotment of scrip:	17 June 2013
Scrip alternative in operation:	Yes

Subject to approval by shareholders of resolution 4 at the Company's forthcoming annual general meeting (convened for 3.00 p.m. on 30 April 2013), the Board intends to offer a scrip dividend alternative for this distribution to those investors who wish to receive additional shares in the capital of GLIF in lieu of a cash payment. A circular will be sent to shareholders explaining the terms of the scrip dividend alternative. It is intended that the circular together with scrip dividend election forms (for those shareholders holding shares in certificated form) will be mailed on or around 3 May 2013 to all eligible GLIF shareholders on the register as at the record date for the dividend, being 26 April 2013. Elections for the scrip dividend alternative will need to be received by the Company's receiving agent, Equiniti Limited, by 24 May 2013 by those investors who wish to receive shares in lieu of cash.

The price at which the scrip dividend shares will be issued will be calculated in accordance with the terms of the circular by reference to the average of the middle market prices derived from the AIM Appendix to the Daily Official List of the London Stock Exchange on the ex-dividend date (being 24 April 2013) and the four subsequent dealing days.

Note: The times and dates in this announcement are expected times and dates only and are subject to change.  Any such changes will be notified to shareholders through a regulatory information service.

For further information, please contact:

Geoffrey Miller

Greenwich Loan Income Fund Limited

[phone]

[phone]

Investec Bank plc

Tim Mitchell

Jeremy Ellis

[phone]

Panmure Gordon

Dominic Morley

Fred Walsh

[phone]

Jack Hickey

FTI Consulting

[phone]

 

END

 

 

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