CQS Rig Finance Fund Ltd : Dividend Declaration
CQS RIG FINANCE FUND LIMITED
Final Dividend proposed
Further to the Company's policy to pay regular cash distributions in the form of semi-annual dividend payments and to target dividends equivalent to an annual yield of 4 per cent. of the Net asset Value ("NAV") per Ordinary Share at the start of each financial year, the Board has today proposed a final dividend of 0.6 pence per Ordinary Share in respect of the financial year ended 30 September 2011.
Together with the Company's interim dividend of 0.55 pence per ordinary Share paid on 7 November 2011 and assuming approval by shareholders, this would represent total dividends for the year of 1.15 pence per Ordinary Share equivalent to a yield of approximately 4.2 per cent. on the opening NAV per Ordinary Share of 27.64 pence on 1 October 2010
Subject to approval by shareholders at the Annual General Meeting to be held on Tuesday, 6 March 2012, the final dividend will be paid on 11 April 2012 to holders on the register at the close of business on 16 March 2012. The Ordinary Shares will go ex-dividend on 14 March 2012.
For further information please contact:
Kleinwort Benson (Channel Islands) Fund Services Limited
Telephone +44 (0) 1481 710607
Arbuthnot Securities Limited
Telephone +44 (0) 20 7012 2000
Date: 20 December 2011
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Source: CQS Rig Finance Fund Ltd via Thomson Reuters ONE