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Perpetual Income & Growth Inv Tst plc (PLI) Ordinary 10p

Sell:205.50p Buy:206.50p 0 Change: 1.50p (0.72%)
FTSE 250:0.21%
Market closed Prices as at close on 30 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Scheme of Arrangement

Perpetual Income & Growth Inv Tst plc Ordinary 10p

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 27 Oct 2020)

What is happening?

 

The Board of Perpetual Income & Growth Trust plc (Perpetual) recently announced that it had agreed terms regarding the combination of Perpetual with Murray Income Trust plc (Murray). The Board is now seeking shareholder approval for a Scheme of Reconstruction whereby Perpetual would be wound down and its assets transferred to Murray. If the Scheme is approved, shareholders in Perpetual would receive new shares in Murray based on a Formula Asset Value basis.

 

Shareholders have also been offered the opportunity to enter their shares into a Cash Exit Offer, whereby holders can elect to receive 98% of the Formula Asset Value of the shares elected as cash. Please note that as the total number of shares in issue eligible for the Cash Exit Offer is 20%, elections may be subject to pro-rata scaling back by the Company.

 

You can vote

 

The Scheme is subject to shareholder approval at two meetings being held on Monday 9 November 2020 and Tuesday 17 November 2020. If you would like to vote for or against the proposals before our deadline of noon on Tuesday 3 November 2020, please provide your instruction below.

 

Cash Exit Offer

 

If you wish to enter a number of shares into the Cash Exit Offer, please provide your instruction in the further details box when providing your vote for or against the Scheme. Please enter your instruction in the following format: 

 

"I wish to enter >INSERT QUANTITY HERE< of my shares into the Cash Exit Offer"

 

The Scheme will be approved if Shareholders who represent a majority in number and hold at least 75% in the value of the Shares voted, vote in favour. If it’s approved, all Shareholders on record at close of business on Tuesday 9 November 2020 will receive Murray shares in place of their Perpetual shares irrespective of if or how they voted. The new Murray shares are expected on or shortly after Wednesday 18 November 2020.

 

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 secure message/letter and not on the summary information outlined above.

×
Sell:205.50p
Buy:206.50p
Change: 1.50p (0.72%)
Market closed Prices as at close on 30 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Scheme of Arrangement

Perpetual Income & Growth Inv Tst plc Ordinary 10p

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 27 Oct 2020)

What is happening?

 

The Board of Perpetual Income & Growth Trust plc (Perpetual) recently announced that it had agreed terms regarding the combination of Perpetual with Murray Income Trust plc (Murray). The Board is now seeking shareholder approval for a Scheme of Reconstruction whereby Perpetual would be wound down and its assets transferred to Murray. If the Scheme is approved, shareholders in Perpetual would receive new shares in Murray based on a Formula Asset Value basis.

 

Shareholders have also been offered the opportunity to enter their shares into a Cash Exit Offer, whereby holders can elect to receive 98% of the Formula Asset Value of the shares elected as cash. Please note that as the total number of shares in issue eligible for the Cash Exit Offer is 20%, elections may be subject to pro-rata scaling back by the Company.

 

You can vote

 

The Scheme is subject to shareholder approval at two meetings being held on Monday 9 November 2020 and Tuesday 17 November 2020. If you would like to vote for or against the proposals before our deadline of noon on Tuesday 3 November 2020, please provide your instruction below.

 

Cash Exit Offer

 

If you wish to enter a number of shares into the Cash Exit Offer, please provide your instruction in the further details box when providing your vote for or against the Scheme. Please enter your instruction in the following format: 

 

"I wish to enter >INSERT QUANTITY HERE< of my shares into the Cash Exit Offer"

 

The Scheme will be approved if Shareholders who represent a majority in number and hold at least 75% in the value of the Shares voted, vote in favour. If it’s approved, all Shareholders on record at close of business on Tuesday 9 November 2020 will receive Murray shares in place of their Perpetual shares irrespective of if or how they voted. The new Murray shares are expected on or shortly after Wednesday 18 November 2020.

 

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 secure message/letter and not on the summary information outlined above.

×
Sell:205.50p
Buy:206.50p
Change: 1.50p (0.72%)
Market closed Prices as at close on 30 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Scheme of Arrangement

Perpetual Income & Growth Inv Tst plc Ordinary 10p

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 27 Oct 2020)

What is happening?

 

The Board of Perpetual Income & Growth Trust plc (Perpetual) recently announced that it had agreed terms regarding the combination of Perpetual with Murray Income Trust plc (Murray). The Board is now seeking shareholder approval for a Scheme of Reconstruction whereby Perpetual would be wound down and its assets transferred to Murray. If the Scheme is approved, shareholders in Perpetual would receive new shares in Murray based on a Formula Asset Value basis.

 

Shareholders have also been offered the opportunity to enter their shares into a Cash Exit Offer, whereby holders can elect to receive 98% of the Formula Asset Value of the shares elected as cash. Please note that as the total number of shares in issue eligible for the Cash Exit Offer is 20%, elections may be subject to pro-rata scaling back by the Company.

 

You can vote

 

The Scheme is subject to shareholder approval at two meetings being held on Monday 9 November 2020 and Tuesday 17 November 2020. If you would like to vote for or against the proposals before our deadline of noon on Tuesday 3 November 2020, please provide your instruction below.

 

Cash Exit Offer

 

If you wish to enter a number of shares into the Cash Exit Offer, please provide your instruction in the further details box when providing your vote for or against the Scheme. Please enter your instruction in the following format: 

 

"I wish to enter >INSERT QUANTITY HERE< of my shares into the Cash Exit Offer"

 

The Scheme will be approved if Shareholders who represent a majority in number and hold at least 75% in the value of the Shares voted, vote in favour. If it’s approved, all Shareholders on record at close of business on Tuesday 9 November 2020 will receive Murray shares in place of their Perpetual shares irrespective of if or how they voted. The new Murray shares are expected on or shortly after Wednesday 18 November 2020.

 

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 secure message/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:
208.50p
Trade high:
208.50p
Year high:
342.00p
Estimated NAV:
221.37
Previous close:
207.50p
Trade low:
204.50p
Year low:
157.60p
Premium/Discount:
-6.27%
Previous:
1.50p (0.72%)
Previous:
1.50p
Volume:
352,465
Dividend yield:
7.28%
Currency:
GBX
Data delayed by at least 15 minutes.

Price

  • Net Asset Value (NAV)
PERPTL.I&G.INV. performance chart

Premium/Discount

PERPTL.I&G.INV. performance chart
Full interactive share price and premium / discount charts

Performance

1 week 1W 5.94% 1 year 1Y 35.42%
1 month 1M 6.36% 2 years 2Y 37.95%
3 months 3M 9.65% 3 years 3Y 46.67%
6 months 6M 4.41% 5 years 5Y 50.48%

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

Trust Basics

Benchmark: FTSE All Share TR GBP
Annual management charge: n/a
Performance fee: No
Ongoing charge: 0.73%
Dividend yield: 7.28%
Dividend frequency: Quarterly
Total assets: £548m
Gross gearing: 115%
Market capitalisation:Market cap.: £444m
Shares in issue: 213.85 million
Legal structure Closed Ended Investment Company
Domicile: United Kingdom
ISIN GB0006798424

Recent dividends paid or declared by Perpetual Income & Growth Inv Tst plc:

Type Ex-div date Payment date Amount
Special * 15/10/2020 13/11/2020 13.00p
1st interim 03/09/2020 30/09/2020 3.40p
4th interim 04/06/2020 30/06/2020 4.80p
3rd interim 05/03/2020 30/03/2020 3.40p
2nd interim 28/11/2019 30/12/2019 3.40p

* Dividend has not yet been paid but has been declared by Perpetual Income & Growth Inv Tst plc.

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 Perpetual Income & Growth Inv Tst plc dividends:

Financial
year end
Dividend
yield
Dividend
cover
Total dividend
paid
31/03/2020 7.60% 1.06 15.00p
31/03/2019 4.50% 1.01 14.50p
31/03/2018 4.00% 1.06 14.70p
31/03/2017 3.60% 1.10 14.05p
31/03/2016 3.40% 1.18 14.90p

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 Company’s investment objective is to provide shareholders with capital growth and real growth in dividends over the medium to longer term from a portfolio of securities listed mainly in the UK equity market.

NET ASSET VALUE (NAV)

Estimated NAV: 221.37
Latest actual NAV: 250.36
Latest actual NAV date: 11 September 2020
Premium/Discount: -6.27%
12m average Premium/Discount: -13.08%
NAV frequency: Daily

Recent trade data is unavailable. We will be replacing it, however in the meantime the information is available on the London Stock Exchange website.

Sector Weight
Financial Services 13.16%
Industrials 12.68%
Utilities 11.85%
Healthcare 11.62%
Consumer Defensive 9.49%
Consumer Cyclical 9.12%
Basic Materials 8.93%
Communication Services 8.93%
Energy 8.52%
Real Estate 3.40%
Country Weight
United Kingdom 81.76%
Switzerland 9.53%
Denmark 2.59%
France 1.92%
United States 1.89%
Japan 0.00%

Key Dates

Launch date: 21 March 1996
Financial year end: March
Next AGM: July 2021
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'.