Day: April 2, 2020
Volta Finance Limited (VTA/VTAS)Cancellation of DividendNOT FOR RELEASE, DISTRIBUTION OR PUBLICATION,IN WHOLE OR IN PART, IN OR INTO THE UNITED STATESGuernsey, 2 April 2020In light of the ongoing uncertainty caused by the COVID-19 pandemic, the Board has resolved to cancel the dividend payment that was planned for April 28th2020.The Board and the Investment Manager recognize the importance of dividends for Shareholders but believe that cancellation is the appropriate and prudent action considering the very considerable near term uncertainties that exist.Commitments to previous investments are relatively limited (€2,7m was drawn in March) and the Repo will be completely repaid in the near term through cash resources already held. The 28th April dividend payment was to be financed predominantly from the payments from the CLO positions,...