DCG IRIS Limited Interim Dividend (7449W)

TIDMIRIS

RNS Number : 7449W

DCG IRIS Limited

02 January 2014

DCG IRIS Limited (the "Company")

Interim Dividend

The Company has declared an interim dividend, in respect of the period starting 1 October 2013 and ending 31 December 2013, of 1.25p per Sterling Share, payable on 11 February 2014 to holders of Sterling Shares on the register on 10 January 2014.

The ex-dividend date will be 8 January 2014.

Subject to market conditions and the Master Fund's performance, the financial position of the Company and the financial outlook, it is the Directors' intention to pay quarterly dividends to Sterling Shareholders.

Whilst not forming part of its investment objective or policy, the Company will, in the absence of unforeseen circumstances, target an annualised dividend of 5.0p per Sterling Share per annum. The amount expected to be distributed is expected to be as follows:

 
 
                    Sterling 
                    Shares 
 Period to          (GBP)      Pay date 
 31-December-13     0.0125     11 February 2014 
 31-March-14        0.0125     May 2014 
 30-June-14         0.0125     August 2014 
 30-September -14   0.0125     November 2014

In light of the nature of the shareholder register, the Board concluded that the provision of a scrip alternative to the cash dividend would not have sufficient uptake to justify the cost of providing it. This situation will be kept under review.

For further information please contact:

Dexion Capital (Guernsey) Limited, Investment Manager

+44 1481 743940

Christopher Copperwaite

This information is provided by RNS

The company news service from the London Stock Exchange

END

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