VPC Speciality Lending has announced that it is now 70% invested – well ahead of its target of getting the proceeds of its IPO invested within six months. They say the yield on the existing portfolio, which is currently unlevered, is in line with expectations in order to meet the targeted net dividend yield of 8.0 per cent. of the Issue Price per Ordinary Share, once the proceeds of the Issue are fully invested. The Company intends to declare its initial dividend in respect of the period from Admission to 30 June 2015.
VSL : VPC Speciality Lending 70% invested