NPIF Announces Special Dividend, and January 2015 Results
NPIF Announces Special Dividend, and January 2015 Results Monday, March 23, 2015 New Providence Income Fund Ltd. (“NPIF”), is pleased to announce that it has declared and paid to its investors a special year-end dividend representing 7.51%* cumulative year end return. This Special Dividend is over and above the 7% quarterly preferred dividend already paid out during the year and as a result the total cumulative return for the year is 14.51%. It is the policy of NPIF to declare and pay out all excess earnings at the end of each fiscal year. In other news, NPIF announced their January return of 1.11%* to its Class A investors for the month of January 2015. We are also pleased to announce that New Providence Income Fund has ranked # 4 in the Fixed Income – Mortgage Backed category on BarclayHedge and is #1 in Sharpe ratio index for the month of January 2015 . We are continuously seeking opportunities for growth throughout our core markets where we are active in North America and the Caribbean region. We continue to providing lending opportunities to reputable developers, investors and property owners. If you wish to receive more detailed information about our activities please feel free to contact us.