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VPC Specialty Lending IMA amended

05 July 2016 15:49

Victory Park Capital Advisors has agreed an amendment to the investment management agreement with VPC Specialty Lending Investments.

Under the revised agreement, Victory Park Capital Advisors will invest 20% of its monthly management fee received from the company into shares in the company at the prevailing market price on an ongoing basis, provided that the shares are trading at a discount to the prevailing net asset value and the investment manager does not hold more than 10 per cent. of the voting rights of the cocmpany.

At 3:49pm: (LON:VSL) VPC Specialty Lending Investments Plc share price was -0.75p at 81.5p

Story provided by StockMarketWire.com

Related Company: VSL

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