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Aberforth Split Level Income Trust plc (ASIT) Ord GBP0.01

Sell:80.00p Buy:83.00p 0 Change: 2.00p (2.45%)
Market closed Prices as at close on 21 June 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Scheme of Arrangement

Aberforth Split Level Income Trust plc Ord GBP0.01

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 17 Jun 2024)

 

The Board of Aberforth Split Level Income Trust is proposing to wind up the company and replace it with a newly formed investment trust called Aberforth Geared Value & Income Trust plc.

 

Aberforth Geared Value & Income Trust will have two classes of share – ordinary shares and zero dividend preference (ZDP) shares.

 

You have a number of options to consider before our deadline of noon on Thursday 20 June 2024.

 

What are my options?

 

Option 1 - Rollover into Aberforth Geared Value & Income Trust (Default option). You can rollover your holding into Aberforth Geared Value & Income Trust ordinary shares. However, due to a limit on the number of ordinary shares available, you might not receive all of your consideration as ordinary shares. In this instance you will also receive one of the following:

• ZDP shares in Aberforth Geared Value & Income Trust, or
• Cash

 

If you take no action you will be deemed to have elected for ordinary shares with any balance in the form of ZDP shares. If you would like to receive any balance as cash instead, you’ll need to elect for this.

 

Option 2 - Cash option. As an alternative to the Aberforth Geared Value & Income Trust shares, you can instead elect to receive cash in place of your holding.

 

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:80.00p
Buy:83.00p
Change: 2.00p (2.45%)
Market closed Prices as at close on 21 June 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Scheme of Arrangement

Aberforth Split Level Income Trust plc Ord GBP0.01

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 17 Jun 2024)

 

The Board of Aberforth Split Level Income Trust is proposing to wind up the company and replace it with a newly formed investment trust called Aberforth Geared Value & Income Trust plc.

 

Aberforth Geared Value & Income Trust will have two classes of share – ordinary shares and zero dividend preference (ZDP) shares.

 

You have a number of options to consider before our deadline of noon on Thursday 20 June 2024.

 

What are my options?

 

Option 1 - Rollover into Aberforth Geared Value & Income Trust (Default option). You can rollover your holding into Aberforth Geared Value & Income Trust ordinary shares. However, due to a limit on the number of ordinary shares available, you might not receive all of your consideration as ordinary shares. In this instance you will also receive one of the following:

• ZDP shares in Aberforth Geared Value & Income Trust, or
• Cash

 

If you take no action you will be deemed to have elected for ordinary shares with any balance in the form of ZDP shares. If you would like to receive any balance as cash instead, you’ll need to elect for this.

 

Option 2 - Cash option. As an alternative to the Aberforth Geared Value & Income Trust shares, you can instead elect to receive cash in place of your holding.

 

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:80.00p
Buy:83.00p
Change: 2.00p (2.45%)
Market closed Prices as at close on 21 June 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Scheme of Arrangement

Aberforth Split Level Income Trust plc Ord GBP0.01

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 17 Jun 2024)

 

The Board of Aberforth Split Level Income Trust is proposing to wind up the company and replace it with a newly formed investment trust called Aberforth Geared Value & Income Trust plc.

 

Aberforth Geared Value & Income Trust will have two classes of share – ordinary shares and zero dividend preference (ZDP) shares.

 

You have a number of options to consider before our deadline of noon on Thursday 20 June 2024.

 

What are my options?

 

Option 1 - Rollover into Aberforth Geared Value & Income Trust (Default option). You can rollover your holding into Aberforth Geared Value & Income Trust ordinary shares. However, due to a limit on the number of ordinary shares available, you might not receive all of your consideration as ordinary shares. In this instance you will also receive one of the following:

• ZDP shares in Aberforth Geared Value & Income Trust, or
• Cash

 

If you take no action you will be deemed to have elected for ordinary shares with any balance in the form of ZDP shares. If you would like to receive any balance as cash instead, you’ll need to elect for this.

 

Option 2 - Cash option. As an alternative to the Aberforth Geared Value & Income Trust shares, you can instead elect to receive cash in place of your holding.

 

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.

×
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:
79.50p
Trade high:
83.50p
Year high:
86.50p
Estimated NAV:
84.67
Previous close:
81.50p
Trade low:
79.50p
Year low:
62.00p
Premium/Discount:
-4.92%
Previous:
1.00p (1.24%)
Previous:
1.00p
Volume:
3,568
Dividend yield:
6.29%
Currency:
GBX
Data delayed by at least 15 minutes.

Price

  • Net Asset Value (NAV)
ABERFORTH SPLI. performance chart

Premium/Discount

ABERFORTH SPLI. performance chart
Full interactive share price and premium / discount charts

Performance

1 week 1W 0.62% 1 year 1Y 11.64%
1 month 1M 4.68% 2 years 2Y 16.43%
3 months 3M 10.43% 3 years 3Y 8.43%
6 months 6M 7.24% 5 years 5Y 1.88%

Performance figures are based on the previous close price. Past performance is not an indication of future performance.

Trust Basics

Benchmark: Deutsche Numis SC Ex Invt Com TR GBP
Annual management charge: n/a
Performance fee: No
Ongoing charge: 2.65%
Dividend yield: 6.29%
Dividend frequency: Semi-Annually
Total assets: £222m
Gross gearing: 37%
Market capitalisation:Market cap.: £153m
Shares in issue: 190.25 million
Legal structure Closed Ended Investment Company
Domicile: United Kingdom
ISIN GB00BYPBD394

Dividend information for this stock is not available.

Dividend information for this stock is not available.

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Important Documents



Objective

The Company aims to achieve its objective by investing in a diversified portfolio of securities issued by small UK quoted companies. Small UK quoted companies are those having a market capitalisation, at time of purchase, equal to or lower than the largest company in the bottom 10%, by market capitalisation, of the London Stock Exchange’s Main Market for listed securities or companies in the Numis Smaller Companies Index (excluding investment companies) (“NSCI (XIC)”)

NET ASSET VALUE (NAV)

Estimated NAV: 84.67
Latest actual NAV: 84.64
Latest actual NAV date: 19 June 2024
Premium/Discount: -4.92%
12m average Premium/Discount: -6.26%
NAV frequency: Daily
Sector Weight
Industrials 19.91%
Financial Services 15.89%
Basic Materials 11.17%
Consumer Cyclical 10.98%
Communication Services 6.68%
Consumer Defensive 6.19%
Technology 6.03%
Real Estate 5.88%
Energy 2.65%
Healthcare 0.53%
Country Weight
United Kingdom 110.82%
Egypt 4.13%
China 1.33%
Germany 1.31%
United States 1.18%
Austria 0.93%
Singapore 0.33%
Switzerland 0.14%
Japan 0.12%
Italy 0.12%

Key Dates

Launch date: 3 July 2017
Financial year end: June
Next AGM: October 2024
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.

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'.