Polar Cap Glb Health - Dividend Declaration
Legal Entity Identifier: 549300YV7J2TWLE7PV84
First Interim Dividend
The Board has declared an interim dividend of 1.0p per ordinary share payable to shareholders on the register as at
The dividend will be paid on
The Board believes that it is important not to constrain the Portfolio Managers in their stock selection within the Healthcare Sector and, in seeking growth opportunities, they recognise that this may include the selection of many holdings which are not currently income paying stocks. Whilst dividend levels in the Healthcare Sector as a whole have remained remarkably resilient throughout the COVID-19 crisis, the shift in holdings since the restructuring of the Company has reduced the level of income received, as was envisaged in 2017.
As a result of this, the income level of the Company is lower than it has been in previous years, a situation which could persist. Consequently, the Board is hereby notifying shareholders that the Company intends to continue paying dividends in accordance with the current dividend policy, but at a reduced rate to reflect the reduced level of income now being received from the portfolio, utilising available revenue reserves where necessary to smooth payments. Should the Company's income increase in the future due to a change in holdings, then the Board would consider increasing the level of dividends accordingly.
Dividends will continue to be paid bi-annually in February and August in line with the dividend policy, as approved at the AGM held in
The Board and the Investment Managers continue to believe Healthcare to be an attractive sector offering sustainable growth opportunities, particularly at a time of increased and continued economic uncertainty.
For further information, please contact:
Tel. 020 7227 2700
Alex Collins / Michael Bateman
Corporate / Sales
Tel. 020 7886 2767 / 2719
John Regnier-Wilson ('Reg')
Head of Investment Trust Sales
Tel. 020 7227 2725
This information is provided by RNS, the news service of the
Quick facts: Polar Capital Global Healthcare Trust PLC
Market Cap: £277.87 m
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