13th Sep 2016 10:40
13 September 2016
John Laing Infrastructure Fund Limited ("the Company" or "JLIF")
2016 First Interim Dividend
This announcement replaces RNS number 4799J issued by John Laing Infrastructure Fund Limited at 7:00 on Monday, 12 September 2016, which incorrectly stated the date for payment of the dividend/allotment of scrip as 24 October 2016. The announcement should have stated the date for payment of the dividend/allotment of scrip as 28 October 2016. The remainder of the Announcement remains unchanged.
The Board has declared an interim dividend covering the period 1 January 2016 to 30 June 2016.
Distribution period: | 1 January 2016 - 30 June 2016 |
Distribution amount per share: | 3.41 pence |
Ex-dividend date: | 22 September 2016 |
Dividend record date: | 23 September 2016 |
Last date to elect/revoke elections: | 14 October 2016 |
Payment date/Allotment of scrip: | 28 October 2016 |
Scrip Alternative in operation: | Yes |
The Directors intend that the Company will generally restrict distributions (by way of dividend or otherwise) to the level of distributable cash flows, and dividends to the level of income from the Fund's investments, as recognised in the relevant financial period. Any such dividend or distribution shall be made conditional on the passing of the solvency test under Guernsey law.
Distributions on the shares are expected to be paid twice a year, normally in respect of the six month period to 30 June and 31 December respectively, and are expected to be made by way of interim dividends.
The Board intends to offer a scrip dividend alternative for this distribution to those investors who wish to receive additional JLIF securities in lieu of a cash payment. A circular will be sent to shareholders explaining the terms of the scrip dividend alternative. It is intended that the circular together with scrip dividend election forms will be mailed on or about 30 September 2016 to all eligible JLIF shareholders on the register as at the record date for the dividend, being 23 September 2016. The scrip dividend election forms will need to be completed and returned to Capita Registrars Limited by 14 October 2016 by those investors who wish to receive shares in lieu of cash other than those shareholders who have previously given a Scrip Dividend Mandate to the Company.
Note: The times and dates in this announcement are expected times and dates only and are subject to change. Any such changes will be notified to shareholders through a regulatory information service.
For further information, please contact:
John Laing Capital Management Limited 020 7901 3326
Andrew Charlesworth
Finsbury 020 7251 3801
Faeth Birch
Phillip Walters
Related Shares:
John Laing Infrastructure Fund