Third Point Offshore
Investors Limited (the "Company")
(a closed-ended investment company incorporated with limited
liability under the laws of Guernsey with registered number
47161)
LEI:
549300WXTCG65AQ7V644
Dividend
Declaration
5 JANUARY 2018
The Board of Third Point Offshore Investors Limited is pleased
to announce that it has approved the fifth annual dividend of
approximately 4% of the net asset value of each share class.
The declaration is in line with the Company’s current dividend
policy as adopted by the Board on 24 October
2012. This policy anticipates that the Company will
pay a cash dividend of 4-5% of NAV to the extent that the positive
NAV performance of the Company would support such a dividend and
absent other, exigent circumstances relating to the Investment
Manager and otherwise.
The Company is pleased to announce the following share class
rates and dates:
Dividend per USD Share |
81 cents (USD) |
Dividend per GBP Share |
77 pence (GBP) |
|
|
Ex-Date |
11 January 2018 |
Record Date |
12 January 2018 |
Pay Date |
16 February 2018 |
The dividend yield per share, based on the current share price,
is approximately 5%. Shareholders will receive their dividend
in the respective class currency.
The Company also announces the payment of the annual dividend to
B shareholders at fixed rate of 0.0000001
pence (Sterling) per B Share, irrespective of whether their
B Shares are denominated in Sterling or in any other currency. This
dividend will be paid on 16 February
2018.
Marc Antoine Autheman, the Chairman of the Company, made the
following statement: “We are obviously very pleased with the
performance of the investment manager in 2017, although we are
disappointed with the lingering discount of the share price versus
the NAV. The Board is in the process of reviewing the dividend
policy as part of a broader review of the Company’s discount
management strategy. The results of such review will be announced
in due course.”
Enquiries:
Company website: www.thirdpointpublic.com
Andy Dovey
Northern Trust International Fund Administration Services
(Guernsey) Limited
Tel: +44 (0)
1481 745346