Marble Point Loan Financing Limited Dividend Declaration (6127Y)

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RNS Number : 6127Y

Marble Point Loan Financing Limited

02 January 2020

2 January 2020

Marble Point Loan Financing Limited

Dividend Declaration

Q4 2019 Dividend

The Board of Directors of Marble Point Loan Financing Limited (the "Company") has declared a dividend in respect of the quarter ending 31 December 2019 of $0.025 per ordinary share, which represents an increase of 25 per cent compared to the prior dividend paid on 30 October 2019.

"As described in the Company's November 2019 Monthly Report, quarterly cash distributions per share from the Company's investments in CLO Equity, CLO Debt and other related investments have increased approximately 70 per cent since Q2 2018 and approximately 40 per cent since Q1 2019. Furthermore, the first distribution from our recent investment in Marble Point CLO XVI Ltd. is anticipated to be received during Q1 2020. As such, the Board of Directors of the Company are pleased to announce an increase in the dividend payable to our shareholders of 25 per cent versus the prior quarter. We have increased the annual dividend from $0.08 to $0.10 per share on the timeframe estimated in our 2018 prospectus for our initial public offering, which we believe demonstrates the current cash flow generation capability of our investment portfolio despite the recent volatility in underlying loan prices," said Robert Brown, Chairman of the Company.

The dividend will be payable to the Company's shareholders of record as detailed below:

 
 Dividend:                 $0.025 per ordinary 
                            share 
 Ex-Dividend Date:         09 January 2020 
 Record Date:              10 January 2020 
 Final Currency Election   13 January 2020 
  Date: 
 Payment Date:             30 January 2020 
 

The Company declares its cash dividends in U.S. Dollars. Shareholders will, by default, receive their cash dividends in U.S. Dollars. However, the Company has arranged for shareholders to be able to elect to receive cash dividends in Sterling rather than U.S. Dollars. Shareholders who have made an election to receive the dividend in Sterling by the above-referenced Final Currency Election Date will receive the dividend at the prevailing rate at time of currency conversion (as determined by the Company's registrar). No action is required of shareholders who have previously made a dividend currency election or who wish to receive their dividend in U.S. Dollars. The Sterling Dividend Election Information regarding the dividend currency election and Dividend Currency Election Form are available on the Company's website: www.mplflimited.com/investor-relations.

Past performance is not indicative, or a guarantee, of future performance.

This release contains inside information.

ENQUIRES

 
 Marble Point Loan Financing Limited 
  Investor Relations                     Corporate Broker 
  Tel.: [phone]             Stifel Nicolaus Europe Limited 
  Email: [e-mail]              T: [phone] 
 

ABOUT MARBLE POINT LOAN FINANCING LIMITED

Marble Point Loan Financing Limited (the "Company") is a Guernsey closed-ended investment company with its ordinary shares admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange (tickers: MPLF LN / MPLS LN). The Company is invested in a diversified portfolio of US dollar denominated, broadly syndicated floating rate senior secured corporate loans via CLOs, loan accumulation facilities and other vehicles managed by Marble Point Credit Management LLC or its affiliates. For more information, please visit the Company's website: www.mplflimited.com.

   LEI:         549300DWXSN5UC85CL26 

IMPORTANT INFORMATION

This document is provided for informational purposes only and does not constitute an offer to sell any shares, notes or other securities (collectively, "Securities") issued by the Company or a solicitation of an offer to purchase any such Securities in the United States, Australia, Canada, the Republic of South Africa, Japan or any other jurisdiction. This document may not be relied upon, and should not be used, for the purpose of making any investment decision. The Securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered or sold in the United States to, or for the account or benefit of, U.S. persons unless they are registered under applicable law or exempt from registration. The Company has not been and will not be registered under the U.S. Investment Company Act of 1940 and investors will not be entitled to the benefits of such Act.

Past performance is not a reliable indicator of current of future results. The value of investments may go down as well as up and investors may not get back any of the amount invested. The value of investments designated in another currency may rise and fall due to exchange rate fluctuations in respect of the relevant currencies. Adverse movements in currency exchange rates can result in a decrease in return and a loss of capital.

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 [e-mail] or visit www.rns.com.

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January 02, 2020 12:00 ET (17:00 GMT)