Axa IM cancels Volta dividend due to CLO equity cash flow uncertainty

By Michelle D'souza

Axa Investment Managers has has cancelled the 28 April dividend payment to investors in its listed credit fund Volta Finance “in light of the ongoing uncertainty caused by the covid-19 pandemic"

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TAGS: Structured credit CLO Axa IM Performance North America

Comment by: Anonymous. Posted 1 year ago [2020-04-07 15:26:10]

Roughly 50% didn't! ;)

Comment by: Sayed Kadiri. Posted 1 year ago [2020-04-07 15:24:10]

This is a good point. To put that into context, following the 2008 financial crisis, around 50% of all CLOs stopped equity distributions.

Comment by: Anonymous. Posted 1 year ago [2020-04-06 22:18:22]

So....BofA thinks 80% of CLOs ARE going to pay. Considering what's going on in the world, that's the real headline.