Chelverton Small Companies Dividend Trust Plc - Circ re Financing Structure of the Group
January 13 2017 - 11:00AM
PR Newswire (US)
Chelverton Small Companies Dividend Trust plc (the
"Company")
Financing structure of the Group
The Directors of Chelverton Small Companies Dividend Trust PLC
and Chelverton Small Companies ZDP PLC (together the "Group") have
been considering the options for a refinancing of the Zero Dividend
Preference shares, which are due for repayment on 8 January 2018. The Board believes that given the
current economic environment a ZDP refinancing could be achieved at
an attractive interest rate which would enable the Company to
continue to provide Ordinary shareholders with an attractive level
of income, supported by the Company’s material revenue reserve, as
well as the opportunity for further capital growth driven
principally by the well-established and diversified mid - small
companies portfolio. Subject to stock market conditions, the
Company will also be considering the potential to issue further
Ordinary shares at the time of the issuance of any new Zero
Dividend Preference Shares.
Enquiries:
George Bayer, Maitland
Administration Services Ltd, Corporate Secretary – 01245 398984
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