On 30 September 2024, Livermore Investments Group Limited announced an interim dividend of USD 7.0m (USD 0.0423 per share) to members on the register as at 18 October 2024. The dividend was paid on 15 November 2024.
The Livermore Investments Group Limited Board of Directors will decide future dividends based on profitability, liquidity requirements, portfolio performance, market conditions, and the share price of the Company relative to its NAV.
Other financial highlights include:
Net Profit for the year was USD 6.6m (2023: net profit of USD 13.9m).
Net Asset Value per share increased by 2.5% to USD 0.84 (2023: USD 0.82) after paying USD 7.0m dividend implying a net return of about 7.0% for the year
The Company is conservatively positioned with over USD 44.2m of cash deposits and Government bonds.
Collateralized Loan Obligations (CLO) portfolio generated USD 22m in cash distributions and a total net return of USD 10.3m in 2024 in addition to the USD 0.92m generated from the cash and bond portfolio.
