LONDON, February 27, 2014 /PRNewswire/ --
On 27 February 2014, the Board of
Tetragon Financial Group Limited ("TFG") announced an interim
dividend of US $0.15 per share in
respect of the fourth quarter of the financial year 2013 (the "Q4
Dividend"). The ex-dividend date is 28
February 2014. The record date is 4 March 2014 (the "Record Date"). Payment
of the Q4 Dividend will take place on 24
March 2014.
Pursuant to TFG's Optional Stock Dividend Plan (the "DRIP"),
shareholders may elect to receive the Q4 Dividend in the form of
newly issued non-voting shares of TFG pursuant to the DRIP instead
of cash, subject to certain exceptions described below.
12 ROLLING QUARTERS ONLY
DPS ($)
Q1 2011 0.09
Q2 2011 0.10
Q3 2011 0.10
Q4 2011 0.105
Q1 2012 0.105
Q2 2012 0.115
Q3 2012 0.115
Q4 2012 0.135
Q1 2013 0.135
Q2 2013 0.140
Q3 2013 0.140
Q4 2013 0.150
Tender Offer: Eligibility to Participate in the DRIP in
respect of the Q4 Dividend
On 10 February 2014, TFG's
subsidiary, Tetragon Financial Group Master Fund Limited (the
"Master Fund"), commenced a tender offer (the "Offer") to purchase
a portion of the outstanding non-voting Shares of TFG ("Shares")
for a maximum aggregate payment of $50,000,000 in cash. Shareholders who
tender their Shares pursuant to the Offer on or prior to the Record
Date will not be eligible to participate in the DRIP unless they
(i) properly withdraw such Shares, (ii) make a valid election under
the DRIP and then (iii) re-tender such Shares after the Record
Date. Otherwise, such shareholders will receive the Q4
Dividend in cash only. Shareholders who tender their Shares
after the Record Date will be able to elect to receive the Q4
Dividend in cash or, if a valid election is made under the DRIP, in
the form of newly issued Shares pursuant to the DRIP.
Notwithstanding the foregoing, directors of TFG and the Master
Fund, the TFM Principals (as defined in the Offer), and affiliates
of TFG or the Master Fund or any of their subsidiaries will not be
eligible to participate in the DRIP with respect to the Q4 Dividend
and, accordingly, will receive the Q4 Dividend in cash only.
Additionally, all shareholders who elect to receive the Q4
Dividend in the form of newly issued Shares pursuant to the DRIP
are hereby advised that, by electing to participate in the DRIP,
they are representing and warranting to TFG that they are not a
"covered person" within the meaning of Rule 14e-5 promulgated by
the U.S. Securities and Exchange Commission under the U.S.
Securities Exchange Act of 1934, as amended.
Rule 14e-5 prohibits, from the time of public announcement of a
tender offer until the tender offer expires, a "covered person"
from directly or indirectly purchasing or arranging to purchase any
of the securities that are sought to be acquired in the tender
offer or any related securities, except as part of the tender
offer. Under Rule 14e-5, a "covered person" means: (i) the
offeror and its affiliates; (ii) the offeror's dealer-manager and
its affiliates; (iii) any advisor to any of the persons specified
in (i) and (ii) above, whose compensation is dependent on the
completion of the offer; and (iv) any person acting directly or
indirectly in concert with any of the persons specified in (i),
(ii) or (iii) above in connection with any purchase or arrangement
to purchase any of the securities that are sought to be acquired in
the tender offer or any related securities. Under Rule 14e-5,
an "affiliate" of, or a person "affiliated" with, a specified
person, is a person that directly, or indirectly through one or
more intermediaries, controls, or is controlled by, or is under
common control with, the person specified.
TFG reserves the right to exclude any shareholder from electing
to receive the Q4 Dividend in the form of newly issued Shares
pursuant to the DRIP, if TFG reasonably determines in its sole
discretion that the shareholder is or is likely to be a "covered
person" within the meaning of Rule 14e-5.
The TFG website (http://www.tetragoninv.com) includes additional
information on the DRIP for those shareholders electing to receive
dividends in the form of newly issued Shares.
About Tetragon:
Tetragon Financial Group Limited (TFG) is a Guernsey
closed-ended company traded on NYSE Euronext in Amsterdam under the ticker symbol "TFG" that
aims to provide stable returns to investors across various credit,
equity, interest rate and real estate cycles. The company
maintains two key business segments: an investment portfolio and an
asset-management platform. Both segments cover a broad range
of assets including bank loans, real estate, equities, credit and
convertible bonds. For further information, please
contact:
This release does not contain or constitute an offer to sell or
a solicitation of an offer to purchase securities in the United States or any other
jurisdiction. The securities of TFG have not been and will
not be registered under the US Securities Act of 1933 (the
"Securities Act"), as amended, and may not be offered or sold in
the United States or to US persons
unless they are registered under applicable law or exempt from
registration. TFG does not intend to register any portion of
its securities in the United
States or to conduct a public offer of securities in the
United States. In addition, TFG has not been and will not be
registered under the US Investment Company Act of 1940, and
investors will not be entitled to the benefits of such Act.
TFG is registered in the public register of the Netherlands
Authority for the Financial Markets under Section 1:107 of the
Financial Markets Supervision Act ("FMSA") as a collective
investment scheme from a designated country. This release
constitutes regulated information ("gereglementeerde informatie")
within the meaning of Section 1:1 of the FMSA.
TFG:
David Wishnow/Greg Wadsworth
Investor Relations
ir@tetragoninv.com
Press Inquiries:
Brunswick Group
Andrew Garfield
+44-20-7404-5959
tetragon@brunswickgroup.com
SOURCE Tetragon Financial Group Limited