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Alcentra European Floating Rate Income Fund (AEFS) Red Ord Npv Gbp

Sell:71.80p Buy:74.00p 0 Change: 1.90p (2.68%)
Market closed Prices as at close on 6 April 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Alcentra European Floating Rate Income Fund Red Ord Npv Gbp

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 17 Jan 2020)

What is happening?

 

Alcentra European Floating Rate Income Fund (Alcentra) has announced details of a Quarterly Tender Offer. You have two options to consider before our noon on Monday 17 February 2020 deadline.

 

The Company has announced it intends to purchase up to 20% of the entire issued Share Capital of the Company during each Quarterly Tender Offer, provided that in each 12 month period ending on the relevant Quarter Record Date no more than 50% of the Shares at the Annual Record Date (12 October 2019) may be repurchased by the Company.

 

Each Shareholder at this March opportunity therefore has a Basic Entitlement to tender (i.e. elect to sell) up to 20% of their Shareholding as at the close of business on 31 December 2019.

 

You are able to elect to tender any number of Shares, However, tenders made in excess of your Basic Entitlement will only be accepted to the extent that other Shareholders tender less than their Basic Entitlement. Such tenders may therefore be subject to pro-rata scaling back. The Minimum Tender Offer Price will be set at the Net Asset Value (NAV) of the Shares as at Tuesday 31 March 2020 less a discount of 1.5%.

 

What are my options?

 

Option 1 – Tender a number of Shares. If you wish to tender a number of Shares please give us your instruction by noon on Monday 17 February 2020, at which point any tendered Shares will be removed from your portfolio. Cash from the Tender Offer will be credited to your Account on receipt, which is expected to be from Friday 15 May 2020.

 

Option 2 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

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:71.80p
Buy:74.00p
Change: 1.90p (2.68%)
Market closed Prices as at close on 6 April 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Alcentra European Floating Rate Income Fund Red Ord Npv Gbp

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 17 Jan 2020)

What is happening?

 

Alcentra European Floating Rate Income Fund (Alcentra) has announced details of a Quarterly Tender Offer. You have two options to consider before our noon on Monday 17 February 2020 deadline.

 

The Company has announced it intends to purchase up to 20% of the entire issued Share Capital of the Company during each Quarterly Tender Offer, provided that in each 12 month period ending on the relevant Quarter Record Date no more than 50% of the Shares at the Annual Record Date (12 October 2019) may be repurchased by the Company.

 

Each Shareholder at this March opportunity therefore has a Basic Entitlement to tender (i.e. elect to sell) up to 20% of their Shareholding as at the close of business on 31 December 2019.

 

You are able to elect to tender any number of Shares, However, tenders made in excess of your Basic Entitlement will only be accepted to the extent that other Shareholders tender less than their Basic Entitlement. Such tenders may therefore be subject to pro-rata scaling back. The Minimum Tender Offer Price will be set at the Net Asset Value (NAV) of the Shares as at Tuesday 31 March 2020 less a discount of 1.5%.

 

What are my options?

 

Option 1 – Tender a number of Shares. If you wish to tender a number of Shares please give us your instruction by noon on Monday 17 February 2020, at which point any tendered Shares will be removed from your portfolio. Cash from the Tender Offer will be credited to your Account on receipt, which is expected to be from Friday 15 May 2020.

 

Option 2 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

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:71.80p
Buy:74.00p
Change: 1.90p (2.68%)
Market closed Prices as at close on 6 April 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Alcentra European Floating Rate Income Fund Red Ord Npv Gbp

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 17 Jan 2020)

What is happening?

 

Alcentra European Floating Rate Income Fund (Alcentra) has announced details of a Quarterly Tender Offer. You have two options to consider before our noon on Monday 17 February 2020 deadline.

 

The Company has announced it intends to purchase up to 20% of the entire issued Share Capital of the Company during each Quarterly Tender Offer, provided that in each 12 month period ending on the relevant Quarter Record Date no more than 50% of the Shares at the Annual Record Date (12 October 2019) may be repurchased by the Company.

 

Each Shareholder at this March opportunity therefore has a Basic Entitlement to tender (i.e. elect to sell) up to 20% of their Shareholding as at the close of business on 31 December 2019.

 

You are able to elect to tender any number of Shares, However, tenders made in excess of your Basic Entitlement will only be accepted to the extent that other Shareholders tender less than their Basic Entitlement. Such tenders may therefore be subject to pro-rata scaling back. The Minimum Tender Offer Price will be set at the Net Asset Value (NAV) of the Shares as at Tuesday 31 March 2020 less a discount of 1.5%.

 

What are my options?

 

Option 1 – Tender a number of Shares. If you wish to tender a number of Shares please give us your instruction by noon on Monday 17 February 2020, at which point any tendered Shares will be removed from your portfolio. Cash from the Tender Offer will be credited to your Account on receipt, which is expected to be from Friday 15 May 2020.

 

Option 2 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

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:
69.80p
Trade high:
74.00p
Year high:
102.00p
Estimated NAV:
84.76
Previous close:
71.00p
Trade low:
69.80p
Year low:
66.80p
Premium/Discount:
-19.77%
Previous:
3.00p (4.41%)
Previous:
3.00p
Volume:
102,664
Dividend yield:
6.09%
Currency:
GBX
Data delayed by at least 15 minutes.

Price

  • Net Asset Value (NAV)
ALCENTRA GBP performance chart

Premium/Discount

ALCENTRA GBP performance chart
Full interactive share price and premium / discount charts

Performance

1 week 1W 8.74% 1 year 1Y 27.1%
1 month 1M 30.39% 2 years 2Y 28.86%
3 months 3M 28.21% 3 years 3Y 31.23%
6 months 6M 27.48% 5 years 5Y 34.56%

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

Trust Basics

Benchmark: n/a
Annual management charge: 0.7% of Net Assets
Performance fee: No
Ongoing charge: 1.14%
Dividend yield: 6.09%
Dividend frequency: Quarterly
Total assets: £88m
Gross gearing: 100%
Market capitalisation:Market cap.: £70m
Shares in issue: 124.03 million
Legal structure Closed Ended Investment Company
Domicile: Guernsey
ISIN GG00B6116N85

Recent dividends paid or declared by Alcentra European Floating Rate Income Fund:

Type Ex-div date Payment date Amount
3rd interim 23/01/2020 07/02/2020 0.99p
Special 23/01/2020 07/02/2020 0.18p
2nd interim 17/10/2019 08/11/2019 1.17p
1st interim 18/07/2019 09/08/2019 1.12p
4th interim 18/04/2019 17/05/2019 1.13p

This data is provided by Digital Look. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision.

Full dividend history

Five years' total annual Alcentra European Floating Rate Income Fund dividends:

Financial
year end
Dividend
yield
Dividend
cover
Total dividend
paid
31/03/2019 4.10% 1.03 €0.05
31/03/2018 3.80% 0.31 €0.05
31/03/2017 5.30% -0.31 €0.06
31/03/2016 5.90% -1.19 €0.06
31/03/2015 5.60% 3.31 €0.06

All dividend data is calculated excluding any special dividends. Historical dividends may be adjusted to reflect any subsequent rights issues and corporate actions.

Full dividend history

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Important Documents



Objective

The investment objective is to provide its shareholders with regular quarterly dividends and the opportunity for capital growth by utilising the skills of the Investment Manager in selecting suitable investments. To pursue its investment objective, the Company uses net issue proceeds to invest into Profit Participating Bonds issued by the Subsidiary. The Subsidiary then uses these proceeds to invest in floating rate, secured loans or high-yield bonds issued by European or US corporate entities predominantly rated below investment grade or deemed by the Investment Manager to be of corresponding credit quality.

NET ASSET VALUE (NAV)

Estimated NAV: 84.76
Latest actual NAV: 84.82
Latest actual NAV date: 2 April 2020
Premium/Discount: -19.77%
12m average Premium/Discount: -4.40%
NAV frequency: Daily

Recent trade data is temporarily unavailable. We will be replacing it shortly, however in the meantime the information is available on the London Stock Exchange website.

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Key Dates

Launch date: 6 March 2012
Financial year end: March
Next AGM: September 2020
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'.