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

Sell:98.20p Buy:99.60p 0 Change: 1.80p (1.80%)
Market closed Prices as at close on 21 February 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:98.20p
Buy:99.60p
Change: 1.80p (1.80%)
Market closed Prices as at close on 21 February 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:98.20p
Buy:99.60p
Change: 1.80p (1.80%)
Market closed Prices as at close on 21 February 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.

Business summary

Alcentra European Floating Rate Income Fund Limited is a closed-ended investment company. The Company's investment objective is to provide its shareholders with regular quarterly dividends and the opportunity for capital growth. The Company, together with its subsidiary, Alcentra European Floating Rate Income S.A., invests either directly or, through sub-participation, indirectly in floating rate, secured loans or high-yield bonds issued by European and the United States corporate entities. The Company's portfolio includes approximately 90 issuers/borrowers across over 30 industry sectors. It will invest at least 80% of the Company's net asset value (NAV) in senior loans, senior secured floating-rate notes and cash. The Company will invest no more than 20% of its NAV in second lien loans and mezzanine loans. It will have no more than 5% exposure to any single obligor. The Company's investment manager is Alcentra Limited.

Important dates

Future events
There are no future events available.
Past events
Interim dividend payment date 07 February 2020 07/02/20
Interim ex-dividend date 23 January 2020 23/01/20
Interim results 29 November 2019 29/11/19
Interim dividend payment date 08 November 2019 08/11/19
Interim ex-dividend date 17 October 2019 17/10/19
AGM 26 September 2019 26/09/19
Interim dividend payment date 09 August 2019 09/08/19
Interim ex-dividend date 18 July 2019 18/07/19
Final results 27 June 2019 27/06/19
Annual report 27 June 2019 27/06/19
Interim dividend payment date 17 May 2019 17/05/19
Interim ex-dividend date 18 April 2019 18/04/19
EGM 03 April 2019 03/04/19

General stock information

EPIC:
AEFS
ISIN:
GG00B6116N85
Market cap:
£117.71 million
Shares in issue:
119.87 million
Sector:
Equity Investment Instruments
Exchange:
London Stock Exchange
Currency:
Sterling pence
Indices:
FTSE All Share,FTSE Small Cap

Contact details

Address:
BNP Paribas House, St Julian's Avenue
ST PETER PORT
GY1 1WA
Guernsey
Telephone:
+44 (01481) 750800
Website:
https://www.aefrif.com/

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. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by NBTrader.

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'.