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LONDON - Tetragon Financial Group Limited has declared a quarterly dividend of $0.11 per share for the fourth quarter of 2024, as announced by the company’s Board of Directors on March 4, 2025. The ex-dividend date was set for March 6, 2025, with the record date following on March 7, 2025. Shareholders will receive their dividends starting from March 31, 2025.
The company has also provided options for shareholders to receive dividends in forms other than cash. Through Tetragon’s Optional Stock Dividend Plan, shareholders have the choice to convert their dividend rights into Tetragon shares. The deadline for shareholders to make this election is March 19, 2025. If no election is made, dividends will be distributed in cash on the payment date.
For shareholders opting to receive their dividend in Sterling, a currency election must also be made by March 19, 2025. Absent of an election, dividends will be paid in U.S. dollars.
The conversion ratio for the Optional Stock Dividend Plan has been determined based on a reference price of $15.32 per share. This price reflects the volume-weighted average trading price on Euronext (EPA:ENX) Amsterdam for the five days from March 6 to March 12, 2025. According to this ratio, one new share of Tetragon will be issued for every 139.27 dividend rights held by a shareholder.
Tetragon, a Guernsey-based closed-ended investment company, has its non-voting shares listed on Euronext Amsterdam and traded on the Specialist Fund Segment of the London Stock Exchange (LON:LSEG)’s Main Market. The company’s investment management operations are handled by Tetragon Financial Management LP.
The press release statement also highlights that Tetragon’s non-voting shares carry certain restrictions, particularly regarding ownership by U.S. persons and the inadvisability for European retail investors.
Further details about the Optional Stock Dividend Plan are available in a brochure on the Tetragon website, where interested parties can also find additional information about the company and its investment strategy. This article is based on a press release statement from Tetragon.
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