The Fund is increasing its dividend for the first time in eighteen months; dividend will increase to 1.7 pence per share after five consecutive quarters at 1.5 pence per share; the Fund currently has GBP343 million ($447.12 million) in assets and has been increasing its allocation to balance sheet investments. Source
Old Mutual has been decreasing its position in the Fund throughout the year and has now reduced it even further; in March 2017 Old Mutual reduced its stake to below 6% and following its most recent move its stake is now less than 4.99%; according to AltFi, the VPC Specialty Lending Fund is the second largest online lending and alternative credit fund with approximately GBP351 million ($456 million); the Fund has been experiencing losses in recent months and the managers have been enacting a share buyback strategy while also shifting its positioning to greater allocation in balance sheet investments. Source