Vpc Specialty Lending In... Share Discussion Threads

[scrwal] 16/3/2023 12:38

The share price is somewhat irrelevant unless you are buying. The wind-down is almost certain to take place so realisable nav is more important for a holder now.

[dodger777] 16/3/2023 11:02

Just a slow drip south again for the share price 🙄

[rambutan2] 07/3/2023 22:26

Jan nav info:

[waterloo01] 02/3/2023 08:19

My mistake.

[spectoacc] 02/3/2023 08:17

XD now, Thursday.

[waterloo01] 02/3/2023 08:15

Selling today seems odd. Ex divi at end of play.

[waterloo01] 01/3/2023 15:42

ex divi tomorrow

[waterloo01] 22/2/2023 08:32

That's a relief. Wasn't certain what they would do with this quarters divi

[skinny] 22/2/2023 07:11

.

The Board of Directors of the Company has declared an interim dividend of 2.00 pence per share for the three-month period to 31 December 2022. The dividend will be paid on 30 March 2023 to shareholders on the register as at 3 March 2023. The ex-dividend date is 2 March 2023.

The Company has elected to designate all of the interim dividend for the three-month period to 30 September 2022 as an interest distribution to its shareholders, thereby "streaming" income from interest-bearing investments into dividends that will be taxed in the hands of shareholders as interest income. No income tax will therefore be deducted at source from this, or from future interest distributions.

[badtime] 20/2/2023 21:26

Only 5k traded? Is that bid correct?

[rambutan2] 11/2/2023 03:26

Dec nav etc:

[rambutan2] 04/2/2023 22:23

Recognition, and bullish expansion - except when it comes to a certain LSE listed vehicle!

CHICAGO – January 31, 2023 – Victory Park Capital (“VPC”), a leading global alternative investment firm specializing in private credit, has been named the USA Lender of the Year at this year’s Americas M&A Atlas Awards, hosted by the Global M&A Network.




CHICAGO – January 25, 2023 – Victory Park Capital (“VPC”, “the Firm”), a leading global alternative investment firm specializing in private credit, announced today several new hires and promotions across its Investment and Operations teams.

“We gained incredible momentum as a firm in 2022, and the recent growth of our team is a testament to that,” said Richard Levy, Chief Executive Officer, Chief Investment Officer, and Founder at VPC. “We are proud to have a deep bench of talented individuals on our team, and our newest members have already made a significant impact since joining the Firm. We are also pleased to recognize well-deserved promotions for several team members who have consistently made outstanding contributions over the past year.”

[killing_time] 20/1/2023 15:28

Tipped in the Telegraph, by Questor

[badtime] 20/1/2023 15:26

Fair bit of turnover today

[twistednik] 14/1/2023 07:07

Interesting thesis & could be a possibility.Trust is not massive so they would probably canvas existing LPs to see if they could swallow the assets.Advantage is that they get to retain their AUM (& management fees) for a collection of assets they already know really well.Would benefit from the yield also and b a quick & straightforward way of winding up the fund.Alternatively, could let the debt positions run off as expected and transfer the illiquid equity / warrants etc at a later date

[wilwak] 10/1/2023 11:45

Well I was more than happy taking a 10% dividend from a trust trading at a 25% discount to assets.

Unfortunately it seems that hedge funds are happy to destroy all this for a potential quick one-off profit.

The trust is tiny to VPC so are probably fed up if the hassle of running this fund so have reacted to the hedge funds by proposing a total wind up.

Given that VPC connected parties own a lot of the shares it may well be VPC themselves who decide the result of the continuation vote.

VPC have a great reputation to protect so I’d like to think they’d handle any wind-up professionally and ethically. I’d like to think they’d be keen to show their published NAV isn’t fiction by realising its full value.

In theory VPC could just buy (swallow up) the entire trust at NAV in one lump and make an immediate return of NAV to all shareholders. That would be a quick easy exit for VPC and leave them to benefit from the assets over their remaining life.

I’ve just bought some more at 82p! An interesting punt.

[chucko1] 09/1/2023 18:39

Comapare with the high unappealing 1% spread on HL to buy foreign stocks.

I also use iDealing.com as I like the DMA (Direct Market Access).

[campervan1] 09/1/2023 15:00

Thanks all, I'll look into those options.

[williamcooper104] 09/1/2023 13:07

Interactive broker charge 2-3bps on fx and allow you to have foreign cash accounts They do ISAs now

[scrwal] 09/1/2023 12:48

ii are fine unless you want to buy US stock where apparently Fineco could be better - it's about fx rates only.
ii would charge you a flat rate £10 monthly for the SIPP if you open an ISA and then transfer the SIPP to them ( you would need to link the accounts).

[br1an] 08/1/2023 23:42

I have had no major negative issues with idealing.com.

[campervan1] 08/1/2023 14:44

Sorry for the off topic everyone. Currently got my SIPP with HL and I'm now looking to open a shares ISA probably with a different platform. Saw ii is a bit cheaper. Any recommendations anyone?

[twistednik] 04/1/2023 14:29

Thanks - I agree - I think VSL has become a hassle vs the management fee, but reputationally, there's I think they'll do the right thing by shareholders in terms of an orderly wind down

[smidge21] 04/1/2023 07:52

Running VSL is a small, but consistent, part of what they do. There is therefore little for them to be gained from a messy end to VSL (if that is what happens). The large discount has been an issue for a while but this is hardly something unique to VSL (and not something that bothers me). The FX hedge has however probably been what broke the camel's back. Personally I would like them to run it unhedged (allowing me to manage my FX risks)

[twistednik] 04/1/2023 07:36

I suppose it comes down to the trust in management and asset manager ! I'm new to these guys but sounds like you all rate them highly?