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UIL Finance Ltd ZDP 2018 (UTLD) RED ZERO DIV PREF 31/10/2018 GBP0.05931

Sell:157.25p Buy:159.00p 0 Change: No change  
Market closed Prices as at close on 20 October 2017 Prices delayed by at least 15 minutes | Switch to live prices |
Miscellaneous

UIL Finance Ltd ZDP 2018 RED ZERO DIV PREF 31/10/2018 GBP0.05931

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Shares due 2 Nov 2017
Details (last updated 9 Oct 2017)

The 2018 ZDP Shares are due to be redeemed on 31 October 2018 and have a proposed final capital entitlement of 160.52p per Share. The Company is offering holders of 2018 ZDP Shares the opportunity to elect to rollover part or all of their investment into a new class of 2024 ZDP Shares. You have two options to consider before our deadline of noon Thursday 19 October 2017.

 

Option 1 - You can accept the Rollover Offer. Each Shareholder has a Basic Entitlement to rollover 38.5831% of Shares as at close of business on 20 October 2017. You are able to elect to rollover any number of Shares. However, elections made in excess of your Basic Entitlement will only be accepted to the extent that other Shareholders rollover less than their Basic Entitlement. Such instructions may therefore be subject to pro rata scaling back.

For every 2018 ZDP Share successfully rolled over you will receive 1.56 new 2024 ZDP Shares.

 

Please note that before making an election to rollover it is strongly suggested that you read the Official Document including full details of the 2024 ZDP Shares and the Risk Factors involved. The Official Document can be found at www.uil.limited.

 

Option 2 - The alternative is to do nothing. If you do not wish to participate in this Offer you are not required to take any action at this time. Any 2018 ZDP Shares which are not exchanged will be redeemed on 31 October 2018 at 160.52p per Share providing the ZDP Rollover completes and that the Company has sufficient assets to make the payment.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:157.25p
Buy:159.00p
Change: No change  
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
Market closed Prices as at close on 20 October 2017 Prices delayed by at least 15 minutes | Switch to live prices |
Miscellaneous

UIL Finance Ltd ZDP 2018 RED ZERO DIV PREF 31/10/2018 GBP0.05931

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Shares due 2 Nov 2017
Details (last updated 9 Oct 2017)

The 2018 ZDP Shares are due to be redeemed on 31 October 2018 and have a proposed final capital entitlement of 160.52p per Share. The Company is offering holders of 2018 ZDP Shares the opportunity to elect to rollover part or all of their investment into a new class of 2024 ZDP Shares. You have two options to consider before our deadline of noon Thursday 19 October 2017.

 

Option 1 - You can accept the Rollover Offer. Each Shareholder has a Basic Entitlement to rollover 38.5831% of Shares as at close of business on 20 October 2017. You are able to elect to rollover any number of Shares. However, elections made in excess of your Basic Entitlement will only be accepted to the extent that other Shareholders rollover less than their Basic Entitlement. Such instructions may therefore be subject to pro rata scaling back.

For every 2018 ZDP Share successfully rolled over you will receive 1.56 new 2024 ZDP Shares.

 

Please note that before making an election to rollover it is strongly suggested that you read the Official Document including full details of the 2024 ZDP Shares and the Risk Factors involved. The Official Document can be found at www.uil.limited.

 

Option 2 - The alternative is to do nothing. If you do not wish to participate in this Offer you are not required to take any action at this time. Any 2018 ZDP Shares which are not exchanged will be redeemed on 31 October 2018 at 160.52p per Share providing the ZDP Rollover completes and that the Company has sufficient assets to make the payment.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:157.25p
Buy:159.00p
Change: No change  
Market closed Prices as at close on 20 October 2017 Prices delayed by at least 15 minutes | Switch to live prices |
Miscellaneous

UIL Finance Ltd ZDP 2018 RED ZERO DIV PREF 31/10/2018 GBP0.05931

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Shares due 2 Nov 2017
Details (last updated 9 Oct 2017)

The 2018 ZDP Shares are due to be redeemed on 31 October 2018 and have a proposed final capital entitlement of 160.52p per Share. The Company is offering holders of 2018 ZDP Shares the opportunity to elect to rollover part or all of their investment into a new class of 2024 ZDP Shares. You have two options to consider before our deadline of noon Thursday 19 October 2017.

 

Option 1 - You can accept the Rollover Offer. Each Shareholder has a Basic Entitlement to rollover 38.5831% of Shares as at close of business on 20 October 2017. You are able to elect to rollover any number of Shares. However, elections made in excess of your Basic Entitlement will only be accepted to the extent that other Shareholders rollover less than their Basic Entitlement. Such instructions may therefore be subject to pro rata scaling back.

For every 2018 ZDP Share successfully rolled over you will receive 1.56 new 2024 ZDP Shares.

 

Please note that before making an election to rollover it is strongly suggested that you read the Official Document including full details of the 2024 ZDP Shares and the Risk Factors involved. The Official Document can be found at www.uil.limited.

 

Option 2 - The alternative is to do nothing. If you do not wish to participate in this Offer you are not required to take any action at this time. Any 2018 ZDP Shares which are not exchanged will be redeemed on 31 October 2018 at 160.52p per Share providing the ZDP Rollover completes and that the Company has sufficient assets to make the payment.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
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The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
158.13p
Trade high:
n/a
Year high:
158.13p
Estimated NAV:
149.31
Previous close:
158.13p
Trade low:
n/a
Year low:
152.25p
Premium/Discount:
5.82%
Previous:
0.13p (0.08%)
Previous:
0.13p
Volume:
n/a
Dividend yield:
n/a
Currency:
GBX
Data delayed by at least 15 minutes.

Price

  • Net Asset Value (NAV)
UIL FIN 18 performance chart

Premium/Discount

UIL FIN 18 performance chart
Full interactive share price and premium / discount charts

Performance

Not available for this stock.

Trust Basics

Benchmark: n/a
Annual management charge: 0.25% of Net Assets
Performance fee: Yes
Ongoing charge: 1.24%
Dividend yield: n/a
Dividend frequency: Quarterly
Total assets: £473m
Gross gearing: 112%
Market capitalisation:Market cap.: £79m
Shares in issue: n/a
Legal structure Closed Ended Investment Company
Domicile: Bermuda
ISIN BMG916101162

Dividend information for this stock is not available.

Dividend information for this stock is not available.

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Important Documents

There are no documents available for this stock.

Objective

To provide long-term capital appreciation by investing in undervalued investments with the flexibility to make investments in a wide range of sectors and markets worldwide. The Company will have flexibility to invest in shares, bonds, convertibles and other types of securities, including non-investment grade bonds where suitable opportunities arise. The Company may also invest in unlisted securities.

NET ASSET VALUE (NAV)

Estimated NAV: 149.31
Latest actual NAV: 148.79
Latest actual NAV date: 30 September 2017
Premium/Discount: 5.82%
12m average Premium/Discount: 7.52%
NAV frequency: Weekly
Time / date Time Buy / sell Type Volume Price Value
14:40 - 19/10 14:40
19/10
Sell 93 157.25p £146.24
14:33 - 19/10 14:33
19/10
Sell 14129 157.75p £22,288.50
13:34 - 18/10 13:34
18/10
Sell 11500 157.38p £18,098.13
12:56 - 18/10 12:56
18/10
Sell 10000 157.38p £15,737.50
12:03 - 17/10 12:03
17/10
Buy 50000 157.50p £78,750.00

Trades priced above mid-price at the time a trade is placed are assumed buys, those priced below are assumed sells. Trades priced close to mid-price or declared late are shown N/A. This is not a recommendation. More information.

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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled ‘N/A’.

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Top 10 countries currently unavailable.

Key Dates

Launch date: 7 May 2004
Financial year end: June
Next AGM: November 2017
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided by Factset. Dividend data provided by Digital Look. Recent trade data provided by MoneyAM. Trust basics, holding data, key dates, objective and NAV provided by Morningstar.
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.