Jul 20th 2012 - Edison Investment Research today published a report on GLI Finance (GLIF.L, LSE:GLIF, LON:GLIF) entitled "High Yield Continues". In summary, the report says:
The company's unaudited net asset value (NAV) per share as at 30 June 2012 was 47.9p largely unchanged from 47.8p per share reported as at 31 March 2012. Our preferred franchise value is 52.9p. It also declared a dividend of 1.15p per share for the second quarter of 2012 – the same as Q112 and indicating an annualised yield of 9.6%. The CLO passed all of the collateral and coverage tests as of 3 July 2012.
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