26th Apr 2022 17:00
Chenavari Toro Income Fund Limited (the Company)
26 April 2022
Dividend for the Quarter Ended 31 March 2022
In line with the enhanced dividend policy announced by the Company on 8 June 2020 (the "Enhanced Dividend Policy"), the Company is pleased to announce payment of its quarterly dividend of 2.5% (Euro 0.0183 per ordinary share) (the "Regular Quarterly Dividend") for the period from 1 January 2022 to 31 March 2022.
Payment will be made on 21 June 2022 to holders of ordinary shares recorded on the register as at close of business on 6 May 2022 with an ex-dividend date of 5 May 2022. The quarterly Dividend Yield remains targeted at 2.5% quarterly.
Shareholders wishing to take the dividend in scrip, or to make a dividend currency election, should note that the last date to make an election to join the Scrip dividend scheme or make a currency election to be eligible for the dividend paying on 21 June 2022 is 17:00 27 May 2022. The Scrip Reference Price will be calculated and announced on or around 12 May 2022.
With effect from 1 January 2021, the maximum cash balance cap was reduced to a level of not more than 5 per cent. of NAV, unless the investment manager, at its discretion, decides to maintain such cap at a maximum of 10 per cent., should market opportunities in liquid and tradable European ABS / CLO arise.
Further information in relation to the Company is available at:
http://www.chenavaritoroincomefund.com
Enquiries:
Guy Goyard
Chenavari Investment Managers
Email: [email protected]
Telephone: +44 20 7259 3600
Related Shares:
Chenavari Toro