VGI commits to fully franked dividends to narrow global LIC's discount

Sarah TurnerPerspective editor

Nov 18, 2019 – 10.10am

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Listed investment company VGI Partners Global Investments will start paying fully franked dividends, stepping up efforts to narrow a discount between its underlying assets and share price, which it has blamed on an equity raising and the launch of a new listed strategy.

The $924 million LIC will start paying fully franked dividends of about 1¢ a share at six-monthly intervals, chairman David Jones told shareholders.

Sarah Turner is the editor of the AFR Weekend Perspective section based in our Sydney newsroom. Email Sarah at s.turner@afr.com