Marble Point Loan Financing Limited Dividend Declaration (6127Y)
03 January 2020 - 4:00AM
UK Regulatory
TIDMMPLF
RNS Number : 6127Y
Marble Point Loan Financing Limited
02 January 2020
2 January 2020
Marble Point Loan Financing Limited
Dividend Declaration
Q4 2019 Dividend
The Board of Directors of Marble Point Loan Financing Limited
(the "Company") has declared a dividend in respect of the quarter
ending 31 December 2019 of $0.025 per ordinary share, which
represents an increase of 25 per cent compared to the prior
dividend paid on 30 October 2019.
"As described in the Company's November 2019 Monthly Report,
quarterly cash distributions per share from the Company's
investments in CLO Equity, CLO Debt and other related investments
have increased approximately 70 per cent since Q2 2018 and
approximately 40 per cent since Q1 2019. Furthermore, the first
distribution from our recent investment in Marble Point CLO XVI
Ltd. is anticipated to be received during Q1 2020. As such, the
Board of Directors of the Company are pleased to announce an
increase in the dividend payable to our shareholders of 25 per cent
versus the prior quarter. We have increased the annual dividend
from $0.08 to $0.10 per share on the timeframe estimated in our
2018 prospectus for our initial public offering, which we believe
demonstrates the current cash flow generation capability of our
investment portfolio despite the recent volatility in underlying
loan prices," said Robert Brown, Chairman of the Company.
The dividend will be payable to the Company's shareholders of
record as detailed below:
Dividend: $0.025 per ordinary
share
Ex-Dividend Date: 09 January 2020
Record Date: 10 January 2020
Final Currency Election 13 January 2020
Date:
Payment Date: 30 January 2020
The Company declares its cash dividends in U.S. Dollars.
Shareholders will, by default, receive their cash dividends in U.S.
Dollars. However, the Company has arranged for shareholders to be
able to elect to receive cash dividends in Sterling rather than
U.S. Dollars. Shareholders who have made an election to receive the
dividend in Sterling by the above-referenced Final Currency
Election Date will receive the dividend at the prevailing rate at
time of currency conversion (as determined by the Company's
registrar). No action is required of shareholders who have
previously made a dividend currency election or who wish to receive
their dividend in U.S. Dollars. The Sterling Dividend Election
Information regarding the dividend currency election and Dividend
Currency Election Form are available on the Company's website:
www.mplflimited.com/investor-relations.
Past performance is not indicative, or a guarantee, of future
performance.
This release contains inside information.
ENQUIRES
Marble Point Loan Financing Limited
Investor Relations Corporate Broker
Tel.: +44 (0) 20 7259 1500 Stifel Nicolaus Europe Limited
Email: ir@mplflimited.com T: +44 (0) 20 7710 7600
ABOUT MARBLE POINT LOAN FINANCING LIMITED
Marble Point Loan Financing Limited (the "Company") is a
Guernsey closed-ended investment company with its ordinary shares
admitted to trading on the Specialist Fund Segment of the Main
Market of the London Stock Exchange (tickers: MPLF LN / MPLS LN).
The Company is invested in a diversified portfolio of US dollar
denominated, broadly syndicated floating rate senior secured
corporate loans via CLOs, loan accumulation facilities and other
vehicles managed by Marble Point Credit Management LLC or its
affiliates. For more information, please visit the Company's
website: www.mplflimited.com.
LEI: 549300DWXSN5UC85CL26
IMPORTANT INFORMATION
This document is provided for informational purposes only and
does not constitute an offer to sell any shares, notes or other
securities (collectively, "Securities") issued by the Company or a
solicitation of an offer to purchase any such Securities in the
United States, Australia, Canada, the Republic of South Africa,
Japan or any other jurisdiction. This document may not be relied
upon, and should not be used, for the purpose of making any
investment decision. The Securities have not been and will not be
registered under the U.S. Securities Act of 1933, as amended, or
with any securities regulatory authority of any state or other
jurisdiction of the United States and may not be offered or sold in
the United States to, or for the account or benefit of, U.S.
persons unless they are registered under applicable law or exempt
from registration. The Company has not been and will not be
registered under the U.S. Investment Company Act of 1940 and
investors will not be entitled to the benefits of such Act.
Past performance is not a reliable indicator of current of
future results. The value of investments may go down as well as up
and investors may not get back any of the amount invested. The
value of investments designated in another currency may rise and
fall due to exchange rate fluctuations in respect of the relevant
currencies. Adverse movements in currency exchange rates can result
in a decrease in return and a loss of capital.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DIVEAKFAESNEEFA
(END) Dow Jones Newswires
January 02, 2020 12:00 ET (17:00 GMT)
Marble Point Loan Financ... (LSE:MPLF)
Historical Stock Chart
From Apr 2024 to May 2024
Marble Point Loan Financ... (LSE:MPLF)
Historical Stock Chart
From May 2023 to May 2024