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

Sell:98.00p Buy:100.00p 0 Change: No change
Market closed Prices as at close on 20 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:98.00p
Buy:100.00p
Change: No change
Market closed Prices as at close on 20 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:98.00p
Buy:100.00p
Change: No change
Market closed Prices as at close on 20 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.
Year ending: 31/03/2020 31/03/2019 31/03/2018 31/03/2017 31/03/2016 31/03/2015
Dividend payments  
4th interim: - 1.13p 1.08p 1.09p 1.34p 1.26p
3rd interim: 1.17p 1.16p 1.12p 1.22p 1.24p 1.26p
2nd interim: 1.17p 1.12p 0.98p 1.42p 1.42p 1.28p
1st interim: 1.12p 1.10p 1.07p 1.52p 1.37p 1.24p
Total dividend for year: - €0.05 €0.05 €0.06 €0.06 €0.06
Dividend metrics  
Dividend growth: n/a 6.12% -30.78% -9.31% -2.73% 10.37%
Dividend yield: n/a 3.90% 3.60% 5.00% 5.60% 5.40%
Dividend cover: n/a 1.03 0.31 -0.31 -1.19 3.31

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

Future dividend dates can be found in company information when announced by Alcentra European Floating Rate Income Fund.

Financial year end Type Amount Ex-dividend date Payment date
31/03/2019 Total €0.05  
  4th interim 1.13p 18/04/2019 17/05/2019
  3rd interim 1.16p 17/01/2019 08/02/2019
  2nd interim 1.12p 18/10/2018 09/11/2018
  1st interim 1.10p 19/07/2018 10/08/2018
31/03/2018 Total €0.05  
  4th interim 1.08p 19/04/2018 11/05/2018
  3rd interim 1.12p 18/01/2018 09/02/2018
  2nd interim 0.98p 19/10/2017 10/11/2017
  1st interim 1.07p 20/07/2017 11/08/2017
31/03/2017 Total €0.06  
  4th interim 1.09p 20/04/2017 12/05/2017
  3rd interim 1.22p 19/01/2017 10/02/2017
  2nd interim 1.42p 20/10/2016 11/11/2016
  1st interim 1.52p 21/07/2016 12/08/2016
31/03/2016 Total €0.06  
  4th interim 1.34p 21/04/2016 13/05/2016
  3rd interim 1.24p 21/01/2016 12/02/2016
  2nd interim 1.42p 22/10/2015 13/11/2015
  1st interim 1.37p 23/07/2015 14/08/2015
31/03/2015 Total €0.06  
  4th interim 1.26p 23/04/2015 15/05/2015
  3rd interim 1.26p 22/01/2015 13/02/2015
  2nd interim 1.28p 23/10/2014 14/11/2014
  1st interim 1.24p 23/07/2014 15/08/2014

Historical dividends may be adjusted to reflect any subsequent rights issues and corporate actions.

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. Past dividends do not offer any guarantee of future dividends. Dividends are likely to vary year on year depending on company performance and could increase, decrease or stop altogether. Dividend data provided by Digital Look.

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'.