The principal risks facing Tetragon as a listed investment company are both financial and operational in nature, and ultimately relate to both Tetragon’s issued and outstanding non-voting shares as well as its investment portfolio. Tetragon Financial Group Limited Currency Election Form Tax consequences of receiving the interim dividend may vary upon the tax residence of the shareholder. for the five-day trading period (treated as a single period) from 1 November to 7 November 2022. The reference price is based on the volume‑weighted average of the trading prices of a non-voting share on Euronext Amsterdam N.V. $9.40, resulting in a conversion ratio of one newly issued share for every 85.45 dividend rights held. The reference price for shares delivered in lieu of cash is U.S. If no election is made, the dividend will be paid in U.S. If no election is made, the dividend will be paid in cash from 25 November 2022.Ĭash dividends may be received in sterling by those shareholders making a dividend currency election up to 14 November 2022. Shareholders may elect to receive dividends in the form of Tetragon shares by making a dividend share election up to 14 November 2022. Payment of the dividend will take place from 25 November 2022. On 26 October 2022, the Board of Directors of Tetragon declared a dividend of U.S.$0.11 (11.00 cents) per share in respect of the third quarter of 2022. Tetragon may also pay scrip dividends, which payments are currently conducted through an optional stock dividend plan. In addition to making dividend recommendations to the Board of Directors, Tetragon’s investment manager may authorise share repurchases.ĭecisions with respect to declaration of dividends and share repurchases may be informed by a variety of considerations, including (i) the expected sustainability of the company’s cash generation capacity in the short and medium term, (ii) the current and anticipated performance of the company, (iii) the current and anticipated operating and economic environment, (iv) other potential uses of cash ranging from preservation of the company’s investments and financial position to other investment opportunities and (v) Tetragon’s share price. Tetragon’s Board of Directors has the authority to declare dividend payments, based upon the recommendation of Tetragon’s investment manager, subject to the approval of Tetragon’s voting shareholder and adherence to applicable law, including the satisfaction of a solvency test as required pursuant to the Companies (Guernsey) Law, 2008, as amended. Tetragon seeks to return value to its shareholders, including through dividends and share repurchases.
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