We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Polar Capital Global Financials Trust plc (PCFT) Ordinary Shares

Sell:208.00p Buy:209.00p 0 Change: 1.00p (0.48%)
FTSE 250:0.26%
Market closed |  Prices as at close on 6 June 2025 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Polar Capital Global Financials Trust plc Ordinary Shares

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 23 May 2025)

Polar Capital Global Financials Trust plc is proposing to repurchase up to 100% of its shares in issue. To do this the company is offering to buy its shares at a price to be calculated based on the net asset value (NAV) as of close of business on 18 June 2025, less costs. This is called a tender offer. The tender offer is subject to shareholder approval at a meeting to be held on Wednesday 18 June 2025.

 

The tender offer is also conditional on the satisfaction of the Continuation Conditions, which include the company not being required to purchase via the tender offer more than 67% of the shares in issue. If this Continuation Condition is not satisfied, the tender offer will not proceed and the Board, at its discretion, will announce its intention to put forward proposals for the liquidation of the Company, together with the option of an appropriate rollover vehicle.

 

You can ask to sell all or part of your holding in the offer. If you don’t want to sell any shares, you don’t need to do anything. If the tender offer does not proceed, we will write to you again with details of the liquidation once they have been announced.

 

Sell shares in the offer – Act by noon on Friday 13 June 2025

 

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/message and not on the summary information outlined above.

×
Sell:208.00p
Buy:209.00p
Change: 1.00p (0.48%)
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 6 June 2025 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Polar Capital Global Financials Trust plc Ordinary Shares

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 23 May 2025)

Polar Capital Global Financials Trust plc is proposing to repurchase up to 100% of its shares in issue. To do this the company is offering to buy its shares at a price to be calculated based on the net asset value (NAV) as of close of business on 18 June 2025, less costs. This is called a tender offer. The tender offer is subject to shareholder approval at a meeting to be held on Wednesday 18 June 2025.

 

The tender offer is also conditional on the satisfaction of the Continuation Conditions, which include the company not being required to purchase via the tender offer more than 67% of the shares in issue. If this Continuation Condition is not satisfied, the tender offer will not proceed and the Board, at its discretion, will announce its intention to put forward proposals for the liquidation of the Company, together with the option of an appropriate rollover vehicle.

 

You can ask to sell all or part of your holding in the offer. If you don’t want to sell any shares, you don’t need to do anything. If the tender offer does not proceed, we will write to you again with details of the liquidation once they have been announced.

 

Sell shares in the offer – Act by noon on Friday 13 June 2025

 

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/message and not on the summary information outlined above.

×
Sell:208.00p
Buy:209.00p
Change: 1.00p (0.48%)
Market closed |  Prices as at close on 6 June 2025 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Polar Capital Global Financials Trust plc Ordinary Shares

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 23 May 2025)

Polar Capital Global Financials Trust plc is proposing to repurchase up to 100% of its shares in issue. To do this the company is offering to buy its shares at a price to be calculated based on the net asset value (NAV) as of close of business on 18 June 2025, less costs. This is called a tender offer. The tender offer is subject to shareholder approval at a meeting to be held on Wednesday 18 June 2025.

 

The tender offer is also conditional on the satisfaction of the Continuation Conditions, which include the company not being required to purchase via the tender offer more than 67% of the shares in issue. If this Continuation Condition is not satisfied, the tender offer will not proceed and the Board, at its discretion, will announce its intention to put forward proposals for the liquidation of the Company, together with the option of an appropriate rollover vehicle.

 

You can ask to sell all or part of your holding in the offer. If you don’t want to sell any shares, you don’t need to do anything. If the tender offer does not proceed, we will write to you again with details of the liquidation once they have been announced.

 

Sell shares in the offer – Act by noon on Friday 13 June 2025

 

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/message 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
Deal now
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 generate for investors a growing dividend income together with capital appreciation 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.
Security Weight
JPMorgan Chase & Co 6.41%
Mastercard Inc Class A 4.94%
Berkshire Hathaway Inc Class B 4.57%
Visa Inc Class A 3.92%
Bank of America Corp 3.40%
Unicredit Spa NPV 2.58%
Barclays plc Ordinary 25p 2.44%
Swiss Re Ltd CHF0.10 2.41%
Intercontinental Exchange Inc 2.23%
Progressive Corp 2.07%
Sector Weight
Financial Services 92.59%
Technology 1.99%
Consumer Cyclical 1.47%
Real Estate 1.13%
Country Weight
United States 49.51%
United Kingdom 14.26%
India 5.70%
Italy 4.09%
Canada 3.81%
Germany 3.36%
Brazil 2.62%
Japan 2.52%
Switzerland 2.41%
Israel 2.05%

Fee Structure

The Investment Manager is entitled to a fee at the rate of 0.70% p.a. of the Companys NAV. The Investment Manager is also entitled to a performance fee equal to 10% of the excess of the performance fee hurdle.

Dividend Policy

The Company aims to pay quarterly dividends.

ASSET SPLIT

Total number of holdings: 77.

Trust Manager

Not currently available for this investment trust.

Manager Bio

Not currently available for this investment trust.

Board Of Directors

Simon CorderyChairman, Cecilia McAnulty, Angela Henderson, Susan Arnott

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'.