ICG-Longbow Senior (LBOW); declares an interim dividend of 1.5p per share

Published on 27-03-2020 08:53:06
Author Sparks Team
ICG-Longbow Senior (LBOW); new £15m loan advanced to Bliss Hotels

ICG-Longbow Senior Secured UK Property Debt Investments declared an interim dividend of 1.5p per share for the period 1 November 2019 to 31 January 2020. The dividend will be paid on 1 May 2020. The ex-dividend date and record date are 9 April 2020 and 14 April 2020, respectively.

As of 27 March 2020, the group had cash balances of £15.1m, of which around £9.9m is committed against existing facilities, leaving the group free, uncommitted cash balances of £5.2m, in addition to its available but undrawn £25m working capital facility.

Against the backdrop of uncertainty caused by COVID-19, the group has a strong cash reserve, ample liquidity and no borrowings.

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