Chenavari Toro Income Fund Limited Dividend Declaration - Updated (5373L)
30 Avril 2020 - 4:00PM
UK Regulatory
TIDMTORO
RNS Number : 5373L
Chenavari Toro Income Fund Limited
30 April 2020
Chenavari Toro Income Fund Limited (the Company)
30 April 2020
Dividend for the Quarter ended 31 March 2020 - Updated
The Company is pleased to announce the payment of a dividend of
EUR 0.015 per ordinary share for the period 1 January 2020 to 31
March 2020.
The dividend will be paid on 8 June 2020 to holders of ordinary
shares recorded on the register as at close of business on 11 May
2020 with an ex-dividend date of 7 May 2020.
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 8 June 2020 is
17:00 on 21 May 2020. The Scrip Reference Price will be calculated
and announced on or around 15 May 2020.
The Board and the Investment Manager recognize the importance of
dividends for Shareholders. The Board will keep the Dividend Policy
under close review and may adjust future dividends as the impact of
the pandemic unfolds.
The current dislocation in credit markets could create
investment opportunities. The Board is confident that the Company
will be able to use its cash available to take advantage of these
opportunities should they materialize.
Concurrently the Board believes it is prudent to suspend the
next bi-annual tender, a mechanism that was put in place in
February 2018. Shareholder value remains the priority of the Board
who will keep under close review the evolution of the Company and
the market opportunity set to assess the relevance of the future
tenders.
Further information in relation to the Company is available
at:
http://www.chenavaritoroincomefund.com
Enquiries :
Kirstie Sumarno / Guy Goyard
Chenavari Investment Managers
Email: tlir@chenavari.com
Telephone: +44 20 7259 3600
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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