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Polar Capital Global Financials Trust (PCFT) Ordinary Shares

Sell:112.00p Buy:113.50p 0 Change: 2.00p (1.80%)
Market closed Prices as at close on 5 June 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Polar Capital Global Financials Trust Ordinary Shares

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 17 Mar 2020)

Polar Capital Global Financials Trust is proposing a tender offer to all shareholders who do not wish to continue with their investment in the company. The tender price will be the prevailing Net Asset Value (NAV) per ordinary share less costs. The tender price is due to be calculated at close of business on 24 April 2020, then announced on 27 April 2020.

 

Shareholders will be able to participate in subsequent tender offers on a 5 yearly basis commencing on or around 30 June 2025.

 

You can ask to sell all or part of your holding in the offer. There is no guaranteed entitlement for this offer, you can ask to sell as many shares as you like, however, if the offer is oversubscribed you may not successfully sell all the shares you put forward to tender.

 

The deadline to give an instruction to sell your shares is noon on Friday 3 April 2020.

 

This Tender Offer is subject to Shareholder approval at a General Meeting to be held on 7 April 2020. If you wish to vote please send us your instruction before noon Tuesday 31 March 2020.

 

You have two options:

 

1. Do nothing
You don’t have to take part in the Tender Offer. If you don’t you’ll keep your existing Shares.

 

2. Tender Shares
Ask to sell some or all of your Shares at the prevailing NAV per Share (due to be announced 27 April 2020). You’ll receive cash from Shares successfully sold on 12 May 2020, any Shares not successfully sold will be returned to your Account around the same time.

 

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:112.00p
Buy:113.50p
Change: 2.00p (1.80%)
Market closed Prices as at close on 5 June 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Polar Capital Global Financials Trust Ordinary Shares

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 17 Mar 2020)

Polar Capital Global Financials Trust is proposing a tender offer to all shareholders who do not wish to continue with their investment in the company. The tender price will be the prevailing Net Asset Value (NAV) per ordinary share less costs. The tender price is due to be calculated at close of business on 24 April 2020, then announced on 27 April 2020.

 

Shareholders will be able to participate in subsequent tender offers on a 5 yearly basis commencing on or around 30 June 2025.

 

You can ask to sell all or part of your holding in the offer. There is no guaranteed entitlement for this offer, you can ask to sell as many shares as you like, however, if the offer is oversubscribed you may not successfully sell all the shares you put forward to tender.

 

The deadline to give an instruction to sell your shares is noon on Friday 3 April 2020.

 

This Tender Offer is subject to Shareholder approval at a General Meeting to be held on 7 April 2020. If you wish to vote please send us your instruction before noon Tuesday 31 March 2020.

 

You have two options:

 

1. Do nothing
You don’t have to take part in the Tender Offer. If you don’t you’ll keep your existing Shares.

 

2. Tender Shares
Ask to sell some or all of your Shares at the prevailing NAV per Share (due to be announced 27 April 2020). You’ll receive cash from Shares successfully sold on 12 May 2020, any Shares not successfully sold will be returned to your Account around the same time.

 

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:112.00p
Buy:113.50p
Change: 2.00p (1.80%)
Market closed Prices as at close on 5 June 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Polar Capital Global Financials Trust Ordinary Shares

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 17 Mar 2020)

Polar Capital Global Financials Trust is proposing a tender offer to all shareholders who do not wish to continue with their investment in the company. The tender price will be the prevailing Net Asset Value (NAV) per ordinary share less costs. The tender price is due to be calculated at close of business on 24 April 2020, then announced on 27 April 2020.

 

Shareholders will be able to participate in subsequent tender offers on a 5 yearly basis commencing on or around 30 June 2025.

 

You can ask to sell all or part of your holding in the offer. There is no guaranteed entitlement for this offer, you can ask to sell as many shares as you like, however, if the offer is oversubscribed you may not successfully sell all the shares you put forward to tender.

 

The deadline to give an instruction to sell your shares is noon on Friday 3 April 2020.

 

This Tender Offer is subject to Shareholder approval at a General Meeting to be held on 7 April 2020. If you wish to vote please send us your instruction before noon Tuesday 31 March 2020.

 

You have two options:

 

1. Do nothing
You don’t have to take part in the Tender Offer. If you don’t you’ll keep your existing Shares.

 

2. Tender Shares
Ask to sell some or all of your Shares at the prevailing NAV per Share (due to be announced 27 April 2020). You’ll receive cash from Shares successfully sold on 12 May 2020, any Shares not successfully sold will be returned to your Account around the same time.

 

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:
110.00p
Trade high:
113.50p
Year high:
154.50p
Estimated NAV:
117.76
Previous close:
111.00p
Trade low:
109.76p
Year low:
77.20p
Premium/Discount:
-5.74%
Previous:
0.00p (0.00%)
Previous:
0.00p
Volume:
224,234
Dividend yield:
3.89%
Currency:
GBX
Data delayed by at least 15 minutes.

Price

  • Net Asset Value (NAV)
POLAR CAP GBL performance chart

Premium/Discount

POLAR CAP GBL performance chart
Full interactive share price and premium / discount charts

Performance

1 week 1W 1.83% 1 year 1Y 17.47%
1 month 1M 12.58% 2 years 2Y 18.38%
3 months 3M 14.94% 3 years 3Y 17.32%
6 months 6M 22.11% 5 years 5Y 4.23%

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

Trust Basics

Benchmark: MSCI ACWI Financials Net TR GBP NR GBP
Annual management charge: n/a
Performance fee: Yes
Ongoing charge: 1.03%
Dividend yield: 3.89%
Dividend frequency: Semi-Annually
Total assets: £168m
Gross gearing: 115%
Market capitalisation:Market cap.: £137m
Shares in issue: 123.27 million
Legal structure Closed Ended Investment Company
Domicile: United Kingdom
ISIN GB00B9XQT119

Recent dividends paid or declared by Polar Capital Global Financials Trust:

Type Ex-div date Payment date Amount
2nd interim 06/02/2020 28/02/2020 2.00p
1st interim 01/08/2019 30/08/2019 2.40p
2nd interim 07/02/2019 28/02/2019 1.90p
Interim 19/07/2018 31/08/2018 2.25p
2nd interim 08/02/2018 28/02/2018 1.80p

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 Polar Capital Global Financials Trust dividends:

Financial
year end
Dividend
yield
Dividend
cover
Total dividend
paid
30/11/2019 3.10% 1.11 4.40p
30/11/2018 3.10% 1.13 4.15p
30/11/2017 5.60% 1.10 3.90p
30/11/2016 2.90% 1.17 3.55p
30/11/2015 3.10% 1.17 3.23p

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 investment objective is to generate for investors a growing dividend income together with capital appreciation. The company will seek to achieve its objective by investing primarily in a global portfolio consisting of listed or quoted securities issued by companies in the financial sector operating in the banking, insurance, property and other sub-sectors.

NET ASSET VALUE (NAV)

Estimated NAV: 117.76
Latest actual NAV: 121.62
Latest actual NAV date: 3 June 2020
Premium/Discount: -5.74%
12m average Premium/Discount: -4.77%
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.

Security Weight
JPMorgan Chase & Co 6.09%
Bank of America Corp 4.10%
Mastercard Inc A 3.99%
Chubb Corp CHF24.15 3.54%
Arch Capital Group Ltd 3.42%
The Toronto-Dominion Bank 2.69%
Citizens Financial Group Inc 2.55%
Marsh & McLennan Companies Inc 2.47%
AIA Group Ltd 2.42%
HDFC Bank Ltd 2.39%
Sector Weight
Financial Services 94.86%
Real Estate 2.83%
Technology 0.32%
Country Weight
United States 47.03%
United Kingdom 11.83%
Switzerland 4.45%
Singapore 3.95%
Canada 3.87%
Hong Kong 3.50%
India 3.25%
Norway 2.90%
Taiwan 2.31%
Belgium 2.30%

Key Dates

Launch date: 13 June 2013
Financial year end: November
Next AGM: April 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'.