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Downing Four VCT plc (D467) Ordinary 0.1p DP67

Sell:40.00p Buy:45.00p 0 Change: No change
Market closed Prices as at close on 21 October 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:40.00p
Buy:45.00p
Change: No change
Market closed Prices as at close on 21 October 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:40.00p
Buy:45.00p
Change: No change
Market closed Prices as at close on 21 October 2019 Prices delayed by at least 15 minutes | Switch to live prices |
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.

Objective

The Company will invest in UK trading companies which own substantial assets such as pubs, health clubs, stock or work-in-progress and also in companies with predictable revenue streams from financially sound customers, ideally with contracts pending or in place. Within three years since the launch, the portfolio of Company consists of Loans to Qualifying Companies (50%) and Ordinary Shares in Qualifying Companies (25%) and Non-Qualifying Investments (25%).

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Fee Structure

Annual management fee is 1.35% of NAV. No performance fee unless shareholders proceeds over GBX100 per Ord and achieve a tax-free compound return of at least 7% p.a., capped to 1.25% of NAV p.a. The agreement may be terminated by either side giving not less than 12 months notice in writing.

Dividend Policy

The Company intends to pay a minimum of GBX70 per GBP1 invested to Shareholders after five years from the close of the Offers. Dividends are paid annually.

ASSET SPLIT

Total number of holdings: 9.

Trust Manager

Collin Corbally

Manager Bio

Not currently available for this investment trust.

Board Of Directors

Aubrey BrocklebankChairman, Lord Flight, Russell Catley

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. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are 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'.