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CVC Credit Partners European Opportunities Ltd (CCPG) Ordinary NPV GBP

Sell:102.00p Buy:104.00p 0 Change: 0.25p (0.24%)
Market closed Prices as at close on 24 January 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

CVC Credit Partners European Opportunities Ltd Ordinary NPV GBP

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 2 Dec 2019)

CVC Credit Partners European Opportunities Ltd announced details of a Contractual Quarterly Tender Offer. You have two options to consider before our noon on Thursday 6 February 2020 deadline.


Each quarter (March, June, September, December) the Tender Offer allows the Company to buy-back up to 24.99% of the Shares in issue. Each Shareholder at this March opportunity therefore has a Basic Entitlement to tender (i.e. elect to sell) 24.99% of their Shareholding as at the close of business on 7 August 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 Tender Offer price will be the Net Asset Value (NAV) per Share on 31 March 2020 less 1% of the Reference Price (equivalent to 1p).


What are my options?


Option 1 – Tender a number of Ordinary Shares. If you wish to tender a number of Shares at this opportunity please give us your instruction by noon on Thursday 6 February 2020, at which point any tendered Shares will be removed from your portfolio. Cash proceeds from the Tender Offer are expected from 18 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:102.00p
Buy:104.00p
Change: 0.25p (0.24%)
Market closed Prices as at close on 24 January 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

CVC Credit Partners European Opportunities Ltd Ordinary NPV GBP

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 2 Dec 2019)

CVC Credit Partners European Opportunities Ltd announced details of a Contractual Quarterly Tender Offer. You have two options to consider before our noon on Thursday 6 February 2020 deadline.


Each quarter (March, June, September, December) the Tender Offer allows the Company to buy-back up to 24.99% of the Shares in issue. Each Shareholder at this March opportunity therefore has a Basic Entitlement to tender (i.e. elect to sell) 24.99% of their Shareholding as at the close of business on 7 August 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 Tender Offer price will be the Net Asset Value (NAV) per Share on 31 March 2020 less 1% of the Reference Price (equivalent to 1p).


What are my options?


Option 1 – Tender a number of Ordinary Shares. If you wish to tender a number of Shares at this opportunity please give us your instruction by noon on Thursday 6 February 2020, at which point any tendered Shares will be removed from your portfolio. Cash proceeds from the Tender Offer are expected from 18 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:102.00p
Buy:104.00p
Change: 0.25p (0.24%)
Market closed Prices as at close on 24 January 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

CVC Credit Partners European Opportunities Ltd Ordinary NPV GBP

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 2 Dec 2019)

CVC Credit Partners European Opportunities Ltd announced details of a Contractual Quarterly Tender Offer. You have two options to consider before our noon on Thursday 6 February 2020 deadline.


Each quarter (March, June, September, December) the Tender Offer allows the Company to buy-back up to 24.99% of the Shares in issue. Each Shareholder at this March opportunity therefore has a Basic Entitlement to tender (i.e. elect to sell) 24.99% of their Shareholding as at the close of business on 7 August 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 Tender Offer price will be the Net Asset Value (NAV) per Share on 31 March 2020 less 1% of the Reference Price (equivalent to 1p).


What are my options?


Option 1 – Tender a number of Ordinary Shares. If you wish to tender a number of Shares at this opportunity please give us your instruction by noon on Thursday 6 February 2020, at which point any tendered Shares will be removed from your portfolio. Cash proceeds from the Tender Offer are expected from 18 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:
102.75p
Trade high:
104.00p
Year high:
109.50p
Estimated NAV:
105.47
Previous close:
102.75p
Trade low:
103.14p
Year low:
97.40p
Premium/Discount:
-2.34%
Previous:
0.25p (0.24%)
Previous:
0.25p
Volume:
54,822
Dividend yield:
5.35%
Currency:
GBX
Data delayed by at least 15 minutes.

Price

  • Net Asset Value (NAV)
CVC CREDIT GBP performance chart

Premium/Discount

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

Performance

1 week 1W 1.48% 1 year 1Y 4.19%
1 month 1M 3.21% 2 years 2Y 9.45%
3 months 3M 3% 3 years 3Y 1.55%
6 months 6M 0.24% 5 years 5Y 2.83%

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

Trust Basics

Benchmark: Not Benchmarked
Annual management charge: 1% of Net Assets
Performance fee: No
Ongoing charge: 1.01%
Dividend yield: 5.35%
Dividend frequency: Quarterly
Total assets: £455m
Gross gearing: 100%
Market capitalisation:Market cap.: £336m
Shares in issue: 457.48 million
Legal structure Closed Ended Investment Company
Domicile: Jersey
ISIN JE00B9MRHZ51

Recent dividends paid or declared by CVC Credit Partners European Opportunities Ltd:

Type Ex-div date Payment date Amount
4th interim 07/11/2019 29/11/2019 1.375p
3rd interim 01/08/2019 13/09/2019 1.375p
2nd interim 02/05/2019 14/06/2019 1.375p
1st interim 07/02/2019 22/03/2019 1.375p
4th interim 01/11/2018 14/12/2018 1.375p

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 CVC Credit Partners European Opportunities Ltd dividends:

Financial
year end
Dividend
yield
Dividend
cover
Total dividend
paid
31/12/2018 4.30% -0.99 €0.07
31/12/2017 3.90% 0.79 €0.06
31/12/2016 5.10% 0.43 €0.04
31/12/2015 4.10% 0.09 €0.06
31/12/2014 4.00% -0.07 €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

To invest predominantly in companies domiciled, or with material operations, in Western Europe across various industries. The Company's investments are focused on senior secured obligations of such companies but investments are also made across the capital structure of such borrowers. The Company pursues its investment policy by investing net proceeds from share issues and treasury share sales in the Investment Vehicle.

NET ASSET VALUE (NAV)

Estimated NAV: 105.47
Latest actual NAV: 105.47
Latest actual NAV date: 3 January 2020
Premium/Discount: -2.34%
12m average Premium/Discount: -2.61%
NAV frequency: None
Time / date Time Buy / sell Type Volume Price Value
13:25 - 24/01 13:25
24/01
Buy 10747 104.00p £11,176.88
11:15 - 24/01 11:15
24/01
Buy 17500 103.14p £18,049.50
09:19 - 24/01 09:19
24/01
Buy 6575 103.50p £6,805.13
09:14 - 24/01 09:14
24/01
Buy 20000 103.14p £20,628.00
16:15 - 23/01 16:15
23/01
Buy 25000 103.00p £25,748.75

Trades priced above mid-price at the time a trade is placed are assumed buys, those priced below are assumed sells. Trades priced close to mid-price or declared late are shown N/A. This is not a recommendation. More information.

More trades
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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’.

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Key Dates

Launch date: 24 June 2013
Financial year end: December
Next AGM: April 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'.