VPC Specialty Lending Investments (LSE:VSL) is a portfolio company that intends to generate an attractive return for holders consisting of dividend income and capital growth via investments in a diverse portfolio of specialty lending opportunities across the marketplace / P2P lending sector. This includes credit facilities, equity investments, SME loans and more.
Having recently completed another share offer, the VPC Board has announced that as of October, approximately 44% of proceeds have been invested having quickly put the capital injection to work.
Once more than 90% of the net proceeds of the C share issue have been invested, VPC stated it will arrange for the C Shares to be converted into new Ordinary Shares on a NAV to NAV basis.