7th Dec 2018 14:52
LONDON (Alliance News) - ICG-Longbow Senior Secured UK Property Debt Investments Ltd on Friday declared a interim dividend of 1.5 pence per share, unchanged from a year ago.
The dividend, which covers the period between August 1 and October 31, will be paid to shareholders on January 18.
ICG-Longbow shares were trading up 0.3% at 101.00p each.
In the closed-ended investment company's first half, ended July, its NAV per share was 100.05 pence, down from 100.80p at the end of January.
The company's net assets, however, increased in the period to GBP121.4 million from GBP118.0 million. The issuance of 4.3 million new shares in the period caused the disparity.
The closed-ended investment company's total income in the first half from its real estate debt portfolio decreased to GBP4.0 million from GBP4.4 million.
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