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Martin Currie Asia Unconstrained Trust plc (MCP) Ordinary 50p Shares

Sell:408.00p Buy:415.00p 0 Change: 1.00p (0.24%)
Market closed Prices as at close on 20 September 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Liquidation

Martin Currie Asia Unconstrained Trust plc Ordinary 50p Shares

Type:
Liquidation
Shareholder action required:
Yes
Status:
Shares due
Details (last updated 5 Sep 2019)

What is happening?

 

The Board of Directors of Martin Currie Asia Unconstrained Trust plc are putting forward proposals to shareholders for the Reconstruction and Voluntary Winding-up of the Company which will enable shareholders to rollover their investment into a fund or to receive a cash payment.

 

What are my options?

 

You have two options to consider:

 

Option 1 – Rollover into Legg Mason IF Martin Currie Asia Unconstrained Fund (DEFAULT). Shareholders can rollover some or all of their investment into units of the Legg Mason IF Martin Currie Asia Unconstrained Fund. If you would like to receive units in this fund you don’t need to take any action. Please note that this is a fund rather than an Investment Trust.

 

Option 2 – Cash option. Shareholders can elect to receive cash in the liquidation of the Company. Any instruction for this option must be received in this office by noon on Monday 16 September 2019.

 

Is the Reconstruction and winding-up of the Company subject to Shareholder approval?

 

Yes, the proposals are subject to shareholder approval at two General Meetings, the first to be held on 19 September 2019 and the second to be held on 27 September 2019. If you would like to vote in respect of the proposals please provide us with your voting instruction by no later than noon on Monday 16 September 2019. You may give a voting instruction via telephone on 0117 900 9000 or via secure message but not through this online election facility.

 

When will the new Shares or Cash be issued?

 

If you elect to rollover into the Legg Mason IF Martin Currie Asia Unconstrained Fund, units are due to be issued from 27 September 2019. If you elect for the Cash option, cash is due to be issued as soon as practicable after 30 September 2019.

 

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:408.00p
Buy:415.00p
Change: 1.00p (0.24%)
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
Market closed Prices as at close on 20 September 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Liquidation

Martin Currie Asia Unconstrained Trust plc Ordinary 50p Shares

Type:
Liquidation
Shareholder action required:
Yes
Status:
Shares due
Details (last updated 5 Sep 2019)

What is happening?

 

The Board of Directors of Martin Currie Asia Unconstrained Trust plc are putting forward proposals to shareholders for the Reconstruction and Voluntary Winding-up of the Company which will enable shareholders to rollover their investment into a fund or to receive a cash payment.

 

What are my options?

 

You have two options to consider:

 

Option 1 – Rollover into Legg Mason IF Martin Currie Asia Unconstrained Fund (DEFAULT). Shareholders can rollover some or all of their investment into units of the Legg Mason IF Martin Currie Asia Unconstrained Fund. If you would like to receive units in this fund you don’t need to take any action. Please note that this is a fund rather than an Investment Trust.

 

Option 2 – Cash option. Shareholders can elect to receive cash in the liquidation of the Company. Any instruction for this option must be received in this office by noon on Monday 16 September 2019.

 

Is the Reconstruction and winding-up of the Company subject to Shareholder approval?

 

Yes, the proposals are subject to shareholder approval at two General Meetings, the first to be held on 19 September 2019 and the second to be held on 27 September 2019. If you would like to vote in respect of the proposals please provide us with your voting instruction by no later than noon on Monday 16 September 2019. You may give a voting instruction via telephone on 0117 900 9000 or via secure message but not through this online election facility.

 

When will the new Shares or Cash be issued?

 

If you elect to rollover into the Legg Mason IF Martin Currie Asia Unconstrained Fund, units are due to be issued from 27 September 2019. If you elect for the Cash option, cash is due to be issued as soon as practicable after 30 September 2019.

 

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:408.00p
Buy:415.00p
Change: 1.00p (0.24%)
Market closed Prices as at close on 20 September 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Liquidation

Martin Currie Asia Unconstrained Trust plc Ordinary 50p Shares

Type:
Liquidation
Shareholder action required:
Yes
Status:
Shares due
Details (last updated 5 Sep 2019)

What is happening?

 

The Board of Directors of Martin Currie Asia Unconstrained Trust plc are putting forward proposals to shareholders for the Reconstruction and Voluntary Winding-up of the Company which will enable shareholders to rollover their investment into a fund or to receive a cash payment.

 

What are my options?

 

You have two options to consider:

 

Option 1 – Rollover into Legg Mason IF Martin Currie Asia Unconstrained Fund (DEFAULT). Shareholders can rollover some or all of their investment into units of the Legg Mason IF Martin Currie Asia Unconstrained Fund. If you would like to receive units in this fund you don’t need to take any action. Please note that this is a fund rather than an Investment Trust.

 

Option 2 – Cash option. Shareholders can elect to receive cash in the liquidation of the Company. Any instruction for this option must be received in this office by noon on Monday 16 September 2019.

 

Is the Reconstruction and winding-up of the Company subject to Shareholder approval?

 

Yes, the proposals are subject to shareholder approval at two General Meetings, the first to be held on 19 September 2019 and the second to be held on 27 September 2019. If you would like to vote in respect of the proposals please provide us with your voting instruction by no later than noon on Monday 16 September 2019. You may give a voting instruction via telephone on 0117 900 9000 or via secure message but not through this online election facility.

 

When will the new Shares or Cash be issued?

 

If you elect to rollover into the Legg Mason IF Martin Currie Asia Unconstrained Fund, units are due to be issued from 27 September 2019. If you elect for the Cash option, cash is due to be issued as soon as practicable after 30 September 2019.

 

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 ISA, Lifetime ISA, SIPP or Fund & Share Account
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:
409.00p
Trade high:
415.00p
Year high:
447.00p
Estimated NAV:
419.18
Previous close:
414.00p
Trade low:
409.00p
Year low:
326.00p
Premium/Discount:
-1.00%
Previous:
1.00p (0.24%)
Previous:
1.00p
Volume:
2,749
Dividend yield:
4.02%
Currency:
GBX
Data delayed by at least 15 minutes.

Price

  • Net Asset Value (NAV)
MARTIN C.ASIA performance chart

Premium/Discount

MARTIN C.ASIA performance chart
Full interactive share price and premium / discount charts

Performance

1 week 1W 0% 1 year 1Y 12.47%
1 month 1M 0% 2 years 2Y 10.04%
3 months 3M 3.49% 3 years 3Y 28.48%
6 months 6M 10.67% 5 years 5Y 42.61%

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

Trust Basics

Benchmark: n/a
Annual management charge: 0.75% of Total Assets
Performance fee: No
Ongoing charge: 1.16%
Dividend yield: 4.02%
Dividend frequency: Semi-Annually
Total assets: £147m
Gross gearing: 100%
Market capitalisation:Market cap.: £146m
Shares in issue: 35.16 million
Legal structure Closed Ended Investment Company
Domicile: United Kingdom
ISIN GB0005695126

Recent dividends paid or declared by Martin Currie Asia Unconstrained Trust plc:

Type Ex-div date Payment date Amount
Special 29/08/2019 16/09/2019 5.70p
Special 25/07/2019 16/08/2019 8.50p
Final 25/07/2019 16/08/2019 5.50p
Interim 29/11/2018 21/12/2018 2.70p
Special 19/07/2018 10/08/2018 8.64p

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 Martin Currie Asia Unconstrained Trust plc dividends:

Financial
year end
Dividend
yield
Dividend
cover
Total dividend
paid
31/03/2019 2.10% 1.05 16.70p
31/03/2018 2.10% 1.06 16.70p
31/03/2017 2.20% 1.03 16.28p
31/03/2016 2.80% 0.86 7.75p
31/03/2015 2.30% 0.64 7.50p

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

The objective is to capture returns commensurate with Asia ex Japan nominal GDP growth, measured on a three year rolling basis. Nominal GDP growth rates are high in Asia. The Company has an absolute rather than relative investment objective and the manager is unconstrained by any benchmark. The portfolio manager has high conviction, which results in the construction of a focused portfolio, typically 20-30 stocks (excluding derivatives). Portfolio turnover is low with a long-term buy and hold approach.

NET ASSET VALUE (NAV)

Estimated NAV: 419.18
Latest actual NAV: 421.22
Latest actual NAV date: 19 September 2019
Premium/Discount: -1.00%
12m average Premium/Discount: -10.10%
NAV frequency: Daily
Time / date Time Buy / sell Type Volume Price Value
16:48 - 20/09 16:48
20/09
n/a 2 415.00p £8.30
16:35 - 20/09 16:35
20/09
Buy 1026 415.00p £4,257.90
16:28 - 20/09 16:28
20/09
Buy 30 415.00p £124.50
16:27 - 20/09 16:27
20/09
Buy 34 414.00p £140.76
16:26 - 20/09 16:26
20/09
Buy 20 414.00p £82.80

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’.

Security Weight
Tencent Holdings Ltd 7.76%
AIA Group Ltd 7.13%
Ping An Insurance (Group) Co. of China Ltd Class H 5.96%
Infosys Ltd ADR 5.14%
HSBC Holdings plc Ordinary USD0.50 4.99%
Guangdong Investment Ltd 4.91%
Singapore Technologies Engineering Ltd 4.83%
Tata Consultancy Services Ltd 4.72%
United Overseas Bank Ltd 4.63%
ENN Energy Holdings Ltd 4.49%
Sector Weight
Technology 34.32%
Financial Services 31.15%
Utilities 9.39%
Industrials 8.50%
Consumer Cyclical 6.76%
Consumer Defensive 3.93%
Communication Services 3.49%
Country Weight
China 31.24%
India 19.27%
Hong Kong 11.91%
South Korea 10.70%
Singapore 9.47%
Taiwan 5.99%
United Kingdom 4.99%
Thailand 2.92%
Malaysia 1.05%

Key Dates

Launch date: 10 May 1985
Financial year end: March
Next AGM: July 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.
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account

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'.