Welcome!

News Feed Item

Tetragon Financial Group Limited Dividend Announcement

LONDON, February 27, 2014 /PRNewswire/ --

On 27 February 2014, the Board of Tetragon Financial Group Limited ("TFG") announced an interim dividend of US $0.15 per share in respect of the fourth quarter of the financial year 2013 (the "Q4 Dividend").  The ex-dividend date is 28 February 2014.  The record date is 4 March 2014 (the "Record Date").  Payment of the Q4 Dividend will take place on 24 March 2014.  

Pursuant to TFG's Optional Stock Dividend Plan (the "DRIP"), shareholders may elect to receive the Q4 Dividend in the form of newly issued non-voting shares of TFG pursuant to the DRIP instead of cash, subject to certain exceptions described below.  

12 ROLLING QUARTERS ONLY

              DPS ($)
    Q1 2011    0.09
    Q2 2011    0.10
    Q3 2011    0.10
    Q4 2011   0.105
    Q1 2012   0.105
    Q2 2012   0.115
    Q3 2012   0.115
    Q4 2012   0.135
    Q1 2013   0.135
    Q2 2013   0.140
    Q3 2013   0.140
    Q4 2013   0.150


Tender Offer: Eligibility to Participate in the DRIP in respect of the Q4 Dividend

On 10 February 2014, TFG's subsidiary, Tetragon Financial Group Master Fund Limited (the "Master Fund"), commenced a tender offer (the "Offer") to purchase a portion of the outstanding non-voting Shares of TFG ("Shares") for a maximum aggregate payment of $50,000,000 in cash.  Shareholders who tender their Shares pursuant to the Offer on or prior to the Record Date will not be eligible to participate in the DRIP unless they (i) properly withdraw such Shares, (ii) make a valid election under the DRIP and then (iii) re-tender such Shares after the Record Date.  Otherwise, such shareholders will receive the Q4 Dividend in cash only.  Shareholders who tender their Shares after the Record Date will be able to elect to receive the Q4 Dividend in cash or, if a valid election is made under the DRIP, in the form of newly issued Shares pursuant to the DRIP.

Notwithstanding the foregoing, directors of TFG and the Master Fund, the TFM Principals (as defined in the Offer), and affiliates of TFG or the Master Fund or any of their subsidiaries will not be eligible to participate in the DRIP with respect to the Q4 Dividend and, accordingly, will receive the Q4 Dividend in cash only.  Additionally, all shareholders who elect to receive the Q4 Dividend in the form of newly issued Shares pursuant to the DRIP are hereby advised that, by electing to participate in the DRIP, they are representing and warranting to TFG that they are not a "covered person" within the meaning of Rule 14e-5 promulgated by the U.S. Securities and Exchange Commission under the U.S. Securities Exchange Act of 1934, as amended.

Rule 14e-5 prohibits, from the time of public announcement of a tender offer until the tender offer expires, a "covered person" from directly or indirectly purchasing or arranging to purchase any of the securities that are sought to be acquired in the tender offer or any related securities, except as part of the tender offer.  Under Rule 14e-5, a "covered person" means: (i) the offeror and its affiliates; (ii) the offeror's dealer-manager and its affiliates; (iii) any advisor to any of the persons specified in (i) and (ii) above, whose compensation is dependent on the completion of the offer; and (iv) any person acting directly or indirectly in concert with any of the persons specified in (i), (ii) or (iii) above in connection with any purchase or arrangement to purchase any of the securities that are sought to be acquired in the tender offer or any related securities.  Under Rule 14e-5, an "affiliate" of, or a person "affiliated" with, a specified person, is a person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, the person specified.

TFG reserves the right to exclude any shareholder from electing to receive the Q4 Dividend in the form of newly issued Shares pursuant to the DRIP, if TFG reasonably determines in its sole discretion that the shareholder is or is likely to be a "covered person" within the meaning of Rule 14e-5.

The TFG website (http://www.tetragoninv.com) includes additional information on the DRIP for those shareholders electing to receive dividends in the form of newly issued Shares.

About Tetragon:

Tetragon Financial Group Limited (TFG) is a Guernsey closed-ended company traded on NYSE Euronext in Amsterdam under the ticker symbol "TFG" that aims to provide stable returns to investors across various credit, equity, interest rate and real estate cycles.  The company maintains two key business segments: an investment portfolio and an asset-management platform.  Both segments cover a broad range of assets including bank loans, real estate, equities, credit and convertible bonds.  For further information, please contact:

This release does not contain or constitute an offer to sell or a solicitation of an offer to purchase securities in the United States or any other jurisdiction.  The securities of TFG have not been and will not be registered under the US Securities Act of 1933 (the "Securities Act"), as amended, and may not be offered or sold in the United States or to US persons unless they are registered under applicable law or exempt from registration.  TFG does not intend to register any portion of its securities in the United States or to conduct a public offer of securities in the United States.  In addition, TFG has not been and will not be registered under the US Investment Company Act of 1940, and investors will not be entitled to the benefits of such Act.  TFG is registered in the public register of the Netherlands Authority for the Financial Markets under Section 1:107 of the Financial Markets Supervision Act ("FMSA") as a collective investment scheme from a designated country.  This release constitutes regulated information ("gereglementeerde informatie") within the meaning of Section 1:1 of the FMSA.

TFG:
David Wishnow/Greg Wadsworth
Investor Relations
[email protected]

Press Inquiries:
Brunswick Group
Andrew Garfield
+44-20-7404-5959
[email protected]

SOURCE Tetragon Financial Group Limited

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
Many banks and financial institutions are experimenting with containers in development environments, but when will they move into production? Containers are seen as the key to achieving the ultimate in information technology flexibility and agility. Containers work on both public and private clouds, and make it easy to build and deploy applications. The challenge for regulated industries is the cost and complexity of container security compliance. VM security compliance is already challenging, ...
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
As machines are increasingly connected to the internet, it’s becoming easier to discover the numerous ways Industrial IoT (IIoT) is helping to shape the business world. This is exactly why we have decided to take a closer look at this pervasive movement and to examine the desire to connect more things! Now if you need a refresher on IIoT and how it is changing the world, take a moment and listen to Greg Gorbach with ARC Advisory Group. Gorbach believes, "IIoT will significantly change the worl...
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit y...
Cloud computing changed data analytics for good. It enabled companies to drastically decrease resources and architecture previously assigned with business intelligence departments. It also enabled laymen to run advanced business analytics. Cloud was also the architecture of choice for storing and processing big data. Data piling is a continuous process, which is going to explode with emerging Internet of Things concept. Answer to this issue developers found in new concept called fog computing. ...
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will discuss the vast to...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
SYS-CON Events announced today the How to Create Angular 2 Clients for the Cloud Workshop, being held June 7, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified. Now it’s a component-based well-performing framework. The immersive one-day workshop led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and...