Regulatory Story
Go to market news section View chart   Print
RNS
EJF Investments Ltd  -  EJFI   

Dividend Declaration

Released 08:00 19-Apr-2017

RNS Number : 6573C
EJF Investments Ltd
19 April 2017
 

FOR IMMEDIATE RELEASE

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM), AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO.                                                                        

19th April 2017

EJF Investments Ltd

Dividend Announcement

 

 

The Directors of EJF Investments Limited ("EJFI" or the "Company") are pleased to announce they have declared a dividend of 2.4p per share in respect of the period to 31 March 2017.  The dividend will be payable to shareholders on the register as at close of business on 28 April 2017, and the corresponding ex-dividend date will be 27 April 2017.  This represents EJFI's maiden dividend following a restructuring and subsequent admission to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange plc ("Admission").

 

EJFI's registrar is in the process of arranging a facility for dividends to be payable in USD to those shareholders that elect to receive their dividends in this currency, using the spot rate on the date the Company funds the dividend to the registrar, otherwise payments will by default be made in GBP. Following the conclusion of this process, the dividend is anticipated to be paid in May. Subsequent dividend announcements and scheduled payments are expected to be announced on a regular quarterly basis.

 

The Company targets dividend payments which equate to a yield of six per cent. per annum based on the Company's NAV on Admission which was 141p per share.

 

ENQUIRIES

 

For the Investment Manager

EJF Investments Manager LLC

Peter Stage / Hammad Khan

pstage@ejfcap.com / hkhan@ejfcap.com

+44 203 752 6775 / +44 203 752 6771

 

For the Company Secretary and Administrator

Crestbridge Fund Administrators Limited

EJFInvestors.jsy@crestbridge.com

+44 1534 835 600

 

For the Broker

Henry Freeman / Christopher Britton / Ben Roberts

+44 20 3100 2000

 

About EJF Investments Limited

EJFI is a registered closed-ended limited liability company incorporated in Jersey under the Companies (Jersey) Law 1991, as amended, on 20 October 2016 with registered number 122353. The Company is regulated by the Jersey Financial Services Commission (the "JFSC"). The JFSC is protected by both the Collective Investment Funds (Jersey) Law 1988 and the Financial Services (Jersey) Law 1998, as amended, against liability arising from the discharge of its functions under such laws.

 

Investor information & warnings

The latest available information on the Company can be accessed via its website at www.ejfi.com

 

This communication has been issued by, and is the sole responsibility of, the Company and is for information purposes only. It is not, and is not intended to be an invitation, inducement, offer or solicitation to deal in the shares of the Company. The price and value of shares in the Company and the income from them may go down as well as up and investors may not get back the full amount invested on disposal of shares in the Company. An investment in the Company should be considered only as part of a balanced portfolio of which it should not form a disproportionate part. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DIVEAFLPFFLXEAF
Close


London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

 


Dividend Declaration - RNS