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]


PRN NLD

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
Today most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes significant work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reducti...
SYS-CON Events announced today that Interface Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Interface Corporation is a company developing, manufacturing and marketing high quality and wide variety of industrial computers and interface modules such as PCIs and PCI express. For more information, visit http://www.i...
SYS-CON Events announced today that mruby Forum will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. mruby is the lightweight implementation of the Ruby language. We introduce mruby and the mruby IoT framework that enhances development productivity. For more information, visit http://forum.mruby.org/.
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
In his session at @ThingsExpo, Greg Gorman is the Director, IoT Developer Ecosystem, Watson IoT, will provide a short tutorial on Node-RED, a Node.js-based programming tool for wiring together hardware devices, APIs and online services in new and interesting ways. It provides a browser-based editor that makes it easy to wire together flows using a wide range of nodes in the palette that can be deployed to its runtime in a single-click. There is a large library of contributed nodes that help so...
What is the best strategy for selecting the right offshore company for your business? In his session at 21st Cloud Expo, Alan Winters, U.S. Head of Business Development at MobiDev, will discuss the things to look for - positive and negative - in evaluating your options. He will also discuss how to maximize productivity with your offshore developers. Before you start your search, clearly understand your business needs and how that impacts software choices.
IBM helps FinTechs and financial services companies build and monetize cognitive-enabled financial services apps quickly and at scale. Hosted on IBM Bluemix, IBM’s platform builds in customer insights, regulatory compliance analytics and security to help reduce development time and testing. In his session at 21st Cloud Expo, Lennart Frantzell, a Developer Advocate with IBM, will discuss how these tools simplify the time-consuming tasks of selection, mapping and data integration, allowing devel...
SYS-CON Events announced today that Cedexis will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Cedexis is the leader in data-driven enterprise global traffic management. Whether optimizing traffic through datacenters, clouds, CDNs, or any combination, Cedexis solutions drive quality and cost-effectiveness.
SYS-CON Events announced today that Mobile Create USA will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Mobile Create USA Inc. is an MVNO-based business model that uses portable communication devices and cellular-based infrastructure in the development, sales, operation and mobile communications systems incorporating GPS capabi...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, will discuss how data centers of the future will be managed, how th...
There is huge complexity in implementing a successful digital business that requires efficient on-premise and cloud back-end infrastructure, IT and Internet of Things (IoT) data, analytics, Machine Learning, Artificial Intelligence (AI) and Digital Applications. In the data center alone, there are physical and virtual infrastructures, multiple operating systems, multiple applications and new and emerging business and technological paradigms such as cloud computing and XaaS. And then there are pe...
Why Federal cloud? What is in Federal Clouds and integrations? This session will identify the process and the FedRAMP initiative. But is it sufficient? What is the remedy for keeping abreast of cutting-edge technology? In his session at 21st Cloud Expo, Rasananda Behera will examine the proposed solutions: Private or public or hybrid cloud Responsible governing bodies How can we accomplish?
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
SYS-CON Events announced today that Keisoku Research Consultant Co. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Keisoku Research Consultant, Co. offers research and consulting in a wide range of civil engineering-related fields from information construction to preservation of cultural properties. For more information, vi...
Most of the time there is a lot of work involved to move to the cloud, and most of that isn't really related to AWS or Azure or Google Cloud. Before we talk about public cloud vendors and DevOps tools, there are usually several technical and non-technical challenges that are connected to it and that every company needs to solve to move to the cloud. In his session at 21st Cloud Expo, Stefano Bellasio, CEO and founder of Cloud Academy Inc., will discuss what the tools, disciplines, and cultural...