Chenavari Toro Income Fund Limited Dividend Declaration (4891W)
April 26 2021 - 1:00AM
UK Regulatory
TIDMTORO
RNS Number : 4891W
Chenavari Toro Income Fund Limited
26 April 2021
Chenavari Toro Income Fund Limited (the Company)
26 April 2021
Quarterly Dividend for the Quarter ended 31 March 2021
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 0.018 per ordinary share) (the "Regular Quarterly
Dividend") for the period from 1 January 2021 to 31 March 2021.
Payment will be made on 11 June 2021 to holders of ordinary
shares recorded on the register as at close of business on 7 May
2021 with an ex-dividend date of 6 May 2021. 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 11 June 2021 is
17:00 on 19 May 2021. The Scrip Reference Price will be calculated
and announced on or around 13 May 2021.
With effect from 1 January 2021, the maximum cash balance cap
will be 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: tlir@chenavari.com
Telephone: +44 20 7259 3600
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END
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