City of London Investment Group PLC Dividend cover template (9033E)
November 11 2020 - 2:00AM
UK Regulatory
TIDMCLIG
RNS Number : 9033E
City of London Investment Group PLC
11 November 2020
City of London Investment Group PLC
11th November 2020
CITY OF LONDON INVESTMENT GROUP PLC
("City of London", "the Company" or "the Group")
Dividend cover template
City of London Investment Group (LSE: CLIG), is pleased to
announce that following the completion of the merger with Karpus
Management Inc ("KMI") on 1st October 2020 (the "Completion Date"),
the Company has re-instated its dividend cover template on its
website
https://www.citlon.com/investor-relations/dividend-cover.php. The
dividend cover template shows the quarterly estimated cost of a
maintained dividend against actual post-tax profits for last year,
the current year and the assumed post-tax profit for next financial
year based upon specified assumptions.
On a consolidated basis, as of 31st October 2020, the Group
managed client assets of approximately US$9.5 billion. The
integration of operational areas such as Finance and Information
Technology is underway and progressing on schedule.
For further information, please visit http://www.citlon.co.uk/
or contact:
Tom Griffith, CEO
City of London Investment Group PLC
Tel: 001-610-380-0435
Martin Green
Zeus Capital Limited
Financial Adviser & Broker
Tel: +44 (0)20 3829 5000
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END
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