European Assets Trust PLC announces that a dividend of 1.755 pence per share will be paid on 30 October 2020 to shareholders on the register on 9 October 2020, having an ex-dividend date of 8 October 2020.
In addition, the Company has paid dividends in January, April and July 2020. These four interim dividends, with a cumulative total of 7.02 pence per share, provide an annual payment to shareholders representing six per cent of the closing net asset value per share of the Company as at 31 December 2019.
As at 29 October 2020, the latest practicable date prior to publication of this announcement, €30 million of the Company's €45 million multi-currency loan facility with RBSI was undrawn. In addition, as at that date, the Company had a cash balance of €16.7 million and a Distributable Reserve of £360 million.