Change in Central Bank Policy on Payment of Dividends from Capital, February 2012

01-02-2012

On 14 February 2012, the Central Bank of Ireland issued a policy update in respect of the payment of dividends out of capital by Irish authorised retail collective investment schemes. Under its updated policy the Central Bank has removed the prohibition on the payment of such distributions and all Irish authorised retail funds, including UCITS, may pay dividends out of capital provided they adhere to certain requirements.

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