SENS: Arrowhead declares cash dividend for quarter ended 31 December 2015

Arrowhead declared a cash dividend of 20.03 cents per share for the quarter ended 31 December 2015.

“On Monday, 29 February 2016, all the Arrowhead A and B shares will become one class of Arrowhead ordinary shares. There will therefore be one single increased market capitalisation of approximately R7,7 billion that should result in improved liquidity,” commented Imraan Suleman,

“Arrowhead is on track to meet its forecast distribution growth for the year of between 8 and 10%. The existing portfolio is performing in line with expectations. We have no capital commitments that have not been funded. Our first debt repayments are only scheduled in August 2017 and interest rates on 90% of our debt is fixed,” Mark Kaplan, COO of Arrowhead said.

Read more here: SENS_20160217_S368247