5th Feb 2009 16:52
DIVIDEND ANNOUNCEMENT: M&G Recovery Investment Company Limited
M&G Recovery Investment Company Limited announces that at a meeting of the Board of Directors held today, it was resolved to declare a third interim dividend of 0.50p (2007: 0.50p) per Ordinary Share in respect of the period ending 31 January 2009, to be paid on 02 March 2009 to Ordinary Shareholders on the register at the close of business on 20 February 2009. The ex-dividend date is 18 February 2009. Holders of Package Units will receive a dividend of 1.0p per Package Unit, which comprises one Zero Dividend Share and two Ordinary Shares.
In anticipation of the Company's imminent winding up, the ex-dividend and pay dates for the third interim dividend are earlier than the equivalent dates in the previous year. Including this payment the total dividends paid in respect of the financial year to date will be 2.45 pence (4.9 pence per Package Unit).
A final interim dividend payment, representing the best estimate of the remaining revenue profits of the Company available for distribution prior to the Company's winding up, is expected to be announced on 12th March 2009 and to be paid on 25 March 2009.
Kleinwort Benson (Channel Islands)Fund Services Limited
Company Secretary
M & G RECOVERY INVESTMENT COMPANY LIMITEDRelated Shares:
MGR.L