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BMO Managed Portfolio Trust plc (BMPG) Growth Shares 0.094976101GBP

Sell:220.00p Buy:226.00p 0 Change: No change
Market closed Prices as at close on 24 September 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Conversion

BMO Managed Portfolio Trust plc Growth Shares 0.094976101GBP

Type:
Conversion
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 24 Aug 2020)

What is happening?

The BMO Managed Portfolio Trust is an investment trust with two classes of Shares, Growth Shares and Income Shares. Under the Articles of Association of the Company, Shareholders have the right to convert their Shares into the other class of Shares in the Trust (i.e Income to Growth or Growth to Income) once per year.

 

The terms of the Conversion allows Shareholders to elect to convert their Shares. Conversion instructions must be for a minimum of 1,000 Shares or, if lower, your full holding. The Conversion is also subject to a minimum and maximum limit set by the Board of Directors. For the 2020 Conversion Opportunity, the Board of BMO Managed Portfolio Trust has specified that conversion requests must be received by the Company for Shares with a minimum net value of assets in aggregate of £250,000. The maximum limit set by the Board of Directors of the Company is that no more than 10% of each Share class will be converted. If Conversion requests are received by the Company for less than the minimum value outlined above then the Board of Directors may cancel the Conversion. If Conversion requests are received for more than 10% of each Share Class then the requests will be scaled back on a pro-rata basis.


Any instruction to convert a holding into the other Share class must be received by our deadline of noon on Wednesday 30 September 2020. If no instruction is received by this time 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:220.00p
Buy:226.00p
Change: No change
Market closed Prices as at close on 24 September 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Conversion

BMO Managed Portfolio Trust plc Growth Shares 0.094976101GBP

Type:
Conversion
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 24 Aug 2020)

What is happening?

The BMO Managed Portfolio Trust is an investment trust with two classes of Shares, Growth Shares and Income Shares. Under the Articles of Association of the Company, Shareholders have the right to convert their Shares into the other class of Shares in the Trust (i.e Income to Growth or Growth to Income) once per year.

 

The terms of the Conversion allows Shareholders to elect to convert their Shares. Conversion instructions must be for a minimum of 1,000 Shares or, if lower, your full holding. The Conversion is also subject to a minimum and maximum limit set by the Board of Directors. For the 2020 Conversion Opportunity, the Board of BMO Managed Portfolio Trust has specified that conversion requests must be received by the Company for Shares with a minimum net value of assets in aggregate of £250,000. The maximum limit set by the Board of Directors of the Company is that no more than 10% of each Share class will be converted. If Conversion requests are received by the Company for less than the minimum value outlined above then the Board of Directors may cancel the Conversion. If Conversion requests are received for more than 10% of each Share Class then the requests will be scaled back on a pro-rata basis.


Any instruction to convert a holding into the other Share class must be received by our deadline of noon on Wednesday 30 September 2020. If no instruction is received by this time 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:220.00p
Buy:226.00p
Change: No change
Market closed Prices as at close on 24 September 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Conversion

BMO Managed Portfolio Trust plc Growth Shares 0.094976101GBP

Type:
Conversion
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 24 Aug 2020)

What is happening?

The BMO Managed Portfolio Trust is an investment trust with two classes of Shares, Growth Shares and Income Shares. Under the Articles of Association of the Company, Shareholders have the right to convert their Shares into the other class of Shares in the Trust (i.e Income to Growth or Growth to Income) once per year.

 

The terms of the Conversion allows Shareholders to elect to convert their Shares. Conversion instructions must be for a minimum of 1,000 Shares or, if lower, your full holding. The Conversion is also subject to a minimum and maximum limit set by the Board of Directors. For the 2020 Conversion Opportunity, the Board of BMO Managed Portfolio Trust has specified that conversion requests must be received by the Company for Shares with a minimum net value of assets in aggregate of £250,000. The maximum limit set by the Board of Directors of the Company is that no more than 10% of each Share class will be converted. If Conversion requests are received by the Company for less than the minimum value outlined above then the Board of Directors may cancel the Conversion. If Conversion requests are received for more than 10% of each Share Class then the requests will be scaled back on a pro-rata basis.


Any instruction to convert a holding into the other Share class must be received by our deadline of noon on Wednesday 30 September 2020. If no instruction is received by this time 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

BMO Managed Portfolio Trust PLC, formerly F&C Managed Portfolio Trust PLC, is a closed-end investment company. The Company’s investment objective is to provide a level of income with the potential for income and capital growth to Income shareholders through investing in a diversified portfolio of investment companies. Its Income Portfolio invests in a diversified portfolio of at least 25 investment companies that have underlying investment exposures across a range of geographic regions and sectors and that focus on offering an income yield above the yield of the Financial Times Stock Exchange All-Share Index. Its Growth Portfolio invests in a diversified portfolio of at least 25 investment companies that have underlying investment exposures across a range of geographic regions and sectors and that the focus of which maximizes total returns, through capital growth. BMO Investment Business Limited is the investment manager of the Company.

Important dates

Future events
There are no future events available.
Past events
AGM 24 September 2020 24/09/20
Final results 06 August 2020 06/08/20
Annual report 06 August 2020 06/08/20
Interim results 27 January 2020 27/01/20

General stock information

EPIC:
BMPG
ISIN:
GB00B2PP2527
Market cap:
£185.09 million
Shares in issue:
83.00 million
Sector:
No specific Industry
Exchange:
London Stock Exchange
Currency:
Sterling pence
Indices:
n/a

Contact details

Address:
4 Quartermile, 7a Nightingale Way
EDINBURGH
EH3 9EG
United Kingdom
Telephone:
+44 (020) 76288000

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'.