CVC Income & Growth Limited Dividend Declaration (1758O)
January 30 2023 - 1:00AM
UK Regulatory
TIDMCVCE TIDMCCPE
RNS Number : 1758O
CVC Income & Growth Limited
30 January 2023
30 January 2023
CVC Income & Growth Limited (the "Company")
(a closed-ended investment company incorporated in Jersey with
registration number 112635)
Registered Office: IFC 1, The Esplanade, St Helier, Jersey, JE1
4BP
Dividend Declaration - Dividend Increase
The information contained within this announcement constitutes
inside information.
The Board of Directors of the Company has declared a dividend of
2.5p per ordinary Sterling Share and 1.75c per ordinary Euro Share.
These amounts reflect an uplift to the previously indicated
quarterly dividend of 1.5p per Sterling ordinary share / 1.5c per
Euro ordinary share announced by the Company on 21 September
2022.
Richard Boléat, Chair of the Company, commented:
"The Company's underlying portfolio continues to produce
increasingly high levels of cash income, as indicated in the recent
newsletter published on 27 January 2023. As a result, the Company
has received supplementary income distributions from the Investment
Vehicle which enable it to increase its dividend distributions in
respect of the fourth quarter of 2022 beyond the level previously
indicated to shareholders. At the current share prices [1] , this
represents a 2022 annual dividend yield of 7.45% / 7.35% for the
Sterling and Euro share classes respectively.
The Board of Directors is currently reviewing the level of the
Company's quarterly dividends in the light of the significantly
elevated cash yield being produced by the Investment Vehicle's
underlying portfolio, and any changes will be announced once that
review is complete."
The dividend will be payable on 3 March 2023 to shareholders on
the register as at the close of business on 10 February 2023 (the
record date) and the corresponding ex-dividend date will be 9
February 2023.
The person responsible for arranging for the release of this
announcement on behalf of the Company is Melissa Le Cheminant of
BNP Paribas S.A., Jersey Branch, Company Secretary.
Enquiries:
CVC Income & Growth Limited: +44 (0)1534 625 522
Richard Bol é at
BNP Paribas S.A., Jersey Branch: +44 (0)1534 813873
[1] Share prices GBP0.94, EUR0.85 as at close of business on 27
January 2023
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END
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