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Invesco Select Trust plc (IVPU) UK Equity Shares 1p

Sell:159.00p Buy:165.50p 0 Change: 5.00p (3.07%)
FTSE All Share:0.40%
Market closed |  Prices as at close on 18 April 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Invesco Select Trust plc UK Equity Shares 1p

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 7 Apr 2024)

At present, Invesco Select Trust plc has 4 different share classes: UK Equity, Managed Liquidity, Balanced Risk Allocation and Global Equity Income. Invesco Select Trust plc are now proposing to combine all 4 share classes into one resultant class, being the Global Equity Income share class. At the same time, Invesco Select Trust plc are giving holders of the UK Equity class a chance to sell some of their holding in a tender offer.

 

Tender Offer

 

You can ask to sell all or part of your holding in the tender offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 15% of your shareholding. You can ask to sell more or less than this, but you might not successfully sell all the shares you tender above this entitlement. The deadline for acceptance has been extended.

 

The price to be paid in the tender offer will be equal to the Net Asset Value (NAV) per Invesco Select Trust plc UK Equity share on 15 April 2024, less 2% and costs. For illustrative purposes only, had the calculation date been 13 February 2024, the NAV per UK
Equity share would be 182.42p, so the tender offer price would have been 177.1004p.


If you don’t want to sell any shares, you don’t need to do anything.

 

Sell shares in the offer – Act by noon on Thursday 11 April 2024

 

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:159.00p
Buy:165.50p
Change: 5.00p (3.07%)
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 18 April 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Invesco Select Trust plc UK Equity Shares 1p

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 7 Apr 2024)

At present, Invesco Select Trust plc has 4 different share classes: UK Equity, Managed Liquidity, Balanced Risk Allocation and Global Equity Income. Invesco Select Trust plc are now proposing to combine all 4 share classes into one resultant class, being the Global Equity Income share class. At the same time, Invesco Select Trust plc are giving holders of the UK Equity class a chance to sell some of their holding in a tender offer.

 

Tender Offer

 

You can ask to sell all or part of your holding in the tender offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 15% of your shareholding. You can ask to sell more or less than this, but you might not successfully sell all the shares you tender above this entitlement. The deadline for acceptance has been extended.

 

The price to be paid in the tender offer will be equal to the Net Asset Value (NAV) per Invesco Select Trust plc UK Equity share on 15 April 2024, less 2% and costs. For illustrative purposes only, had the calculation date been 13 February 2024, the NAV per UK
Equity share would be 182.42p, so the tender offer price would have been 177.1004p.


If you don’t want to sell any shares, you don’t need to do anything.

 

Sell shares in the offer – Act by noon on Thursday 11 April 2024

 

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:159.00p
Buy:165.50p
Change: 5.00p (3.07%)
Market closed |  Prices as at close on 18 April 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Invesco Select Trust plc UK Equity Shares 1p

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 7 Apr 2024)

At present, Invesco Select Trust plc has 4 different share classes: UK Equity, Managed Liquidity, Balanced Risk Allocation and Global Equity Income. Invesco Select Trust plc are now proposing to combine all 4 share classes into one resultant class, being the Global Equity Income share class. At the same time, Invesco Select Trust plc are giving holders of the UK Equity class a chance to sell some of their holding in a tender offer.

 

Tender Offer

 

You can ask to sell all or part of your holding in the tender offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 15% of your shareholding. You can ask to sell more or less than this, but you might not successfully sell all the shares you tender above this entitlement. The deadline for acceptance has been extended.

 

The price to be paid in the tender offer will be equal to the Net Asset Value (NAV) per Invesco Select Trust plc UK Equity share on 15 April 2024, less 2% and costs. For illustrative purposes only, had the calculation date been 13 February 2024, the NAV per UK
Equity share would be 182.42p, so the tender offer price would have been 177.1004p.


If you don’t want to sell any shares, you don’t need to do anything.

 

Sell shares in the offer – Act by noon on Thursday 11 April 2024

 

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.

×
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
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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

To provide Shareholders with an attractive real long-term total return, with an income that will grow over time, by investing primarily in UK quoted equities.
Security Weight
RELX plc Ord 14 51/116p 5.83%
Shell plc Ordinary EUR0.07 5.77%
Next plc Ordinary 10p Shares 5.21%
BP Plc Ordinary US$0.25 4.41%
SSE plc Ord 50p 4.40%
National Grid Ord 12, 204/473p 4.36%
Ferguson plc Ord GBP0.10 3.36%
Barclays plc Ordinary 25p 3.18%
Experian Plc Ordinary USD0.10 3.06%
Bunzl plc Ordinary 32 1/7p 2.90%
Sector Weight
Industrials 17.49%
Financial Services 16.79%
Consumer Cyclical 16.34%
Utilities 14.57%
Energy 10.17%
Consumer Defensive 9.55%
Basic Materials 6.73%
Healthcare 3.35%
Real Estate 1.44%
Communication Services 0.43%
Country Weight
United Kingdom 85.74%
United States 6.86%
Canada 2.82%
Germany 1.44%

Fee Structure

The management fee will be 0.55% p.a. on the net assets up to GBP 100m and 0.50% p.a. over GBP 100m. No performance fee. The Agreement can be terminated on 6 months notice.

Dividend Policy

It is the Board’s policy that the Directors will declare four dividends in respect of each accounting year (with payment in the month following) comprising of three equal interim dividends, declared in July, October and January, and a ‘wrap-up’ fourth interim dividend, declared in April. Depending on the level of income received in each quarter, and in the year, these four dividends may be enhanced with contributions from capital profits to achieve the Board’s target level.

ASSET SPLIT

Total number of holdings: 71.

Trust Manager

James Goldstone

Manager Bio

Not currently available for this investment trust.

Board Of Directors

Victoria MuirChairman, Davina Curling, Mark Dampier, Craig Cleland, Tim Woodhead

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.
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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'.