Volta Finance Limited

Dividend Declaration - Seite 2

The exact profile of this crisis cannot be known and it is inevitable that some diversion of cash flow in the Company’s CLO Equity holdings will occur in the coming quarters.  This uncertainty means that the Board will evaluate the cash flows received each quarter and make a specific dividend decision on each occasion.  However, unless conditions deteriorate meaningfully, our intention going forwards is to seek to distribute a material proportion of income received and, if possible, seek to be consistent with our previously stated aim of distributing approximately 8% of the NAV per annum.  Should income levels in the coming quarters exceed the Company’s current central case, then additional income may well be distributed as an enhanced dividend later in the year.  Because the Board and Investment Manager intend to wait for the receipt of cash flows before making each determination of dividend payments, the Company’s dividends are likely to be paid later than previously guided – therefore in June, September, December & March.  Once conditions and cash flows become more predictable, the Company may seek to revert to the previous dividend timetable.

The Company has arranged for its shareholders to be able to elect to receive their dividends in either Euros or Pounds Sterling.   Shareholders will, by default, receive their dividends in Euros, unless they have instructed the Company’s Registrar, Computershare Investor Services (Guernsey) Limited (“Computershare”), to pay dividends in Pounds Sterling.  Such instructions may be given to Computershare either electronically via CREST or by using the Currency Election Form which has been posted to shareholders and a copy of which is also available on the website www.voltafinance.com within the “Investors – Other Documents” section. The deadline for receipt of currency elections is 12:00 (midday) on 26 May 2020.

For further information, please contact:

Company Secretary and Administrator
BNP Paribas Securities Services S.C.A, Guernsey Branch
[e-mail]

[phone]

Corporate Broker
Cenkos Securities plc
Rob Naylor
Will Talkington
Andrew Worne
[phone]

For the Investment Manager
AXA Investment Managers Paris
Serge Demay
[e-mail]

[phone]

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ABOUT VOLTA FINANCE LIMITED

Volta Finance Limited is incorporated in Guernsey under The Companies (Guernsey) Law, 2008 (as amended) and listed on Euronext Amsterdam and the London Stock Exchange's Main Market for listed securities. Volta’s home member state for the purposes of the EU Transparency Directive is the Netherlands. As such, Volta is subject to regulation and supervision by the AFM, being the regulator for financial markets in the Netherlands.