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Data as at: 24/04/2024
In
Objective
To position capital to provide Shareholders with an attractive quarterly income and long term total return, without chasing excessive risk.
AIC sector
Management group
Tier One Capital
Company website
Launch date
24/01/2017
November
Domicile
United Kingdom
Fund manager
Ian McElroy, Jeff Fryer, Tristan de Gabiole, Chris Bull, Emma Black, Stewart Watson, Stewart Smith, Neil Marshall, Brendan O’Grady
Dividend frequency
Quarterly
Wind-up provisions
The Company's Articles of Association (the 'Articles') provide that the Directors are required to propose an ordinary resolution that the Company continue its business as presently constituted (the 'Continuation Resolution') at the fifth Annual General Meeting (AGM) of the Company and at each third AGM of the Company thereafter. The Continuation Resolution was brought forward and approved by shareholders at the 29 March 2021 General Meeting. As the Continuation Resolution was proposed early, the Company amended its Articles of Association accordingly so that the next Continuation Resolution will be proposed at the annual general meeting to be held in 2024 and at each third AGM thereafter.
Market Cap (m) | Total assets (m) | Price (last close) | NAV | Discount / premium (%) | Gearing (%) | Dividend yield (%) | Dividend dates | Ongoing charge (%) |
---|---|---|---|---|---|---|---|---|
19.48 | 23.78 | 78.00 | 79.20 | -1.52 | 0 | 5.13 | Feb, May, Aug, Nov | 2.7 (30/11/2023) |
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Dividends
Dividends declared in last 12 months
Ex-Dividend date | Payment date | Dividend amount | Special dividend | Financial year |
---|---|---|---|---|
07/03/2024 | 28/03/2024 | 1.000 | No | 2023 |
07/12/2023 | 28/12/2023 | 1.000 | No | 2023 |
07/09/2023 | 29/09/2023 | 1.000 | No | 2023 |
08/06/2023 | 30/06/2023 | 1.000 | No | 2023 |
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Performance (%)
Return type | 1 year | 3 years | 5 years | 10 years | |
---|---|---|---|---|---|
Develop North | Share price total return | -4.7 | 4.5 | -6.4 | N/A |
Property - Debt AIC sector | Share price total return | 3.0 | 4.5 | 1.8 | 53.2 |
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Share structure
Number of shares
24,978,201
1,945,862
Traded volumes (number of shares)
Yesterday | 1 month | 1 year | 5 years | |
---|---|---|---|---|
Total | 0 | 292,867 | 1,469,988 | 5,700,627 |
Average | N/A | 12,733 | 5,638 | 4,409 |
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Traded values (m)
Yesterday | 1 month | 1 year | 5 years | |
---|---|---|---|---|
Total | N/A | 0.23 | 1.18 | 5.15 |
Average | N/A | 0.01 | 0.00 | 0.00 |
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Trading details
Top holdings
Data as at : 31/05/2022
Investment | % of total assets |
---|---|
Loans At Amortised Cost | 73.6 |
Investments Held At Fair Value | 25.4 |
Cash And Cash Equivalents | 0.9 |
Other Receivables And Prepayments | 0.1 |
Data provided by Morningstar.
Company documents provided by FE fundinfo.