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TPOG Third Poi. ??

1,510.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Third Poi. ?? LSE:TPOG London Ordinary Share GG00B1YQ6R97 ORD NPV £
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,510.00 1,490.00 1,530.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Third Point Offshore Dividend Declaration

05/01/2018 7:00am

UK Regulatory


 
TIDMTPOG TIDMTPOU 
 
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               0.81cents (USD) 
 
Dividend per GBP Share               0.77 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 
 
 
 
END 
 

(END) Dow Jones Newswires

January 05, 2018 02:00 ET (07:00 GMT)

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