Corrective Announcement Release
The close of business date has been corrected from 18 October 2016 to 21 October 2016.
|M&G High Income Investment Trust P.L.C.|
M&G High Income Investment Trust P.L.C. (the "Company") announces that at a meeting of the Board of Directors held today, it was resolved to declare a first interim dividend of 1.60p, an unchanged amount (2016: 1.60p) per Income Share, in respect of the three months period ended 31 August 2016. The dividend will be paid on 25 November 2016 to Income Shareholders on the register at the close of business on 21 October 2016. The ex-dividend date will be 20 October 2016.
The dividend will also be payable to holders of Income & Growth Units and Package Units.
It is intended that the second interim dividend will cover a four month period to the end of December 2016, which would be payable at the normal second-quarter pay date on 24 February 2017. We would expect to declare a third and final interim dividend in early March 2017. However, taking into account the bond holdings and the expected shorter financial year for the Company, the total 2017 dividend is likely to be substantially lower than the 2016 dividend because the revenue reserves were exhausted in the year to 31 May 2016.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: M&G High Income Investment Trust PLC via Globenewswire