Dividend Declaration

RNS Number : 4295F

VPC Specialty Lending Invest. PLC

12 November 2015

 

12 November 2015

VPC Specialty Lending Investments PLC

Dividend Declaration

The Board of Directors (the "Board") of VPC Specialty Lending Investments PLC (the "Company") (ticker: VSL) is pleased to declare an interim dividend of 1.89 pence per ordinary share for the three month period to 30 September 2015.

The Company announced on 22 July 2015 that the proceeds of the IPO had been substantially fully invested. Since that date, the yield on the portfolio has been in line with expectations.

The dividend will be paid on 11 December 2015 to ordinary shareholders on the register as of 20 November 2015. The ex-dividend date is 19 November 2015.

In aggregate, the Company has declared ordinary share dividends of 2.79p for the period from IPO in March 2015 to 30 September 2015.

The Company has elected to designate all of the interim dividend for the period to 30 September 2015 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 distribution without deduction of UK tax should complete the Declaration of Eligibility Form which can be found on the Company's website: http://vpcspecialtylending.com/vpc-pdf/gross-interest-distributions-declaration-of-eligibility-form/ and return the forms to Capita Asset Services, at the address detailed in the form, promptly. The form must be received no later than 18 November 2015 to be eligible for this dividend.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Capita Company Secretarial Services Limited
Secretary Tel: [phone]

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 distributable income and capital growth via investments in a diverse portfolio of various platforms, asset classes, geographies (primarily US and Europe) and credit bands.

Since 2010, the Company's investment manager, Victory Park Capital, has been actively involved in the specialty lending marketplace and has made more than $3.7 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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