On January 20 2023, Pelagic Partners announced the first dividend distribution under Pelagic Yield Fund, only 3 quarters after inception.
The Yield Fund’s investment strategy is developed on the basis of producing steady annual yield from consistent operating cashflows. The current employment strategy has given the opportunity to distribute a 5.5% cash dividend to the investors.
The dividend payment is complemented with a strong NAV growth of 52.5% from commencement of operations in April till December 2022.
Pelagic Yield Fund is still open for subscriptions and the Management Team is currently evaluating various investment opportunities to further diversify the compartment’s portfolio, strengthen cashflows, and enhance visibility.