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VinaCapital to pay semi-annual dividends

17 August 2017 07:53

The board of VinaCapital Vietnam Opportunity Fund (VOF) has decided to amend VOF's dividend policy.

With immediate effect, the company will pay a dividend twice per year, normally declared in March and October.

The company said the change reflects the fact that the flow of dividend income received by the company from its underlying investments is relatively stable and is expected to grow over time.

In addition, the board intends to introduce a further measure to help control the level of the share price discount to net asset value by broadening the shareholder base to equity investors who will only consider companies which provide regular dividend income.

It is the intention of the board to declare semi-annual dividends for the foreseeable future of an amount of at least 4.8 US cents per share, or the equivalent in UK pence. This amount is approximately equal to 1 per cent of VOF's unaudited net asset value at 30 June 2017.

Story provided by StockMarketWire.com

Related Company: VOF

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