DCG IRIS Limited Dividend Declaration (9009D)

TIDMIRIS

RNS Number : 9009D

DCG IRIS Limited

02 April 2014

DCG IRIS Limited (the "Company")

Interim Dividend

The Company has declared an interim dividend, in respect of the period starting 1 January 2014 and ending 31 March 2014, of 1.25p per Sterling Share, payable on 13 May 2014 to holders of Sterling Shares on the register on 11 April 2014.

The ex-dividend date will be 9 April 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 
 Period to           Shares    Pay date 
 
 31-March-14        1.25p      13-May-2014 
 30-June-14         1.25p      12-August-2014 
 30-September -14   1.25p      11-November-2014 
 31-December-14     1.25p      17-February-2015

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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