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Tetragon Financial Group Ltd (TFG) USD0.001

Sell:$9.70 Buy:$9.90 0 Change: No change
Market closed Prices as at close on 28 March 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Tender Offer

Tetragon Financial Group Ltd USD0.001

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 18 Mar 2024)

Tetragon Financial Group Ltd wants to return up to USD25 million to shareholders. To do this the company is offering to buy its shares at a price between USD9.00 and USD10.50. This is called a tender offer.


If you don’t want to tender your shares, you don't need to do anything. You’ll keep your existing shares.


Please see below for a breakdown of the tender offer:


• You can ask to sell (tender) some or all of your shares at a specific price which is not less than USD9.00, or greater than USD10.50 (in increments of USD0.25, e.g. USD9.25USD9.50USD9.75USD10.00, etc.)


• The eventual purchase price will be the lowest price within the range at which the company can accept tenders totalling up to USD25 million.


• If you tender your shares at a price higher than the purchase price your instruction will be rejected and your shares will be returned to you.


• If you tender your shares at a price less than or equal to the eventual purchase price, you’ll receive the purchase price for any shares successfully sold. However, depending on the total number of elections, you may not sell all of the shares you ask to tender. In the event of any scaling back, priority will be given to shareholders who tendered at a price below the eventual purchase price. As your shares are held with Hargreaves Lansdown scaling back of elections may not be on the same terms as those announced by the company.


• Any proceeds will be converted to Sterling upon receipt subject to the prevailing exchange rate at that time and our standard currency conversion fees.


Tender shares – Act by noon on Tuesday 9 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:$9.70
Buy:$9.90
Change: No change
Market closed Prices as at close on 28 March 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Tender Offer

Tetragon Financial Group Ltd USD0.001

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 18 Mar 2024)

Tetragon Financial Group Ltd wants to return up to USD25 million to shareholders. To do this the company is offering to buy its shares at a price between USD9.00 and USD10.50. This is called a tender offer.


If you don’t want to tender your shares, you don't need to do anything. You’ll keep your existing shares.


Please see below for a breakdown of the tender offer:


• You can ask to sell (tender) some or all of your shares at a specific price which is not less than USD9.00, or greater than USD10.50 (in increments of USD0.25, e.g. USD9.25USD9.50USD9.75USD10.00, etc.)


• The eventual purchase price will be the lowest price within the range at which the company can accept tenders totalling up to USD25 million.


• If you tender your shares at a price higher than the purchase price your instruction will be rejected and your shares will be returned to you.


• If you tender your shares at a price less than or equal to the eventual purchase price, you’ll receive the purchase price for any shares successfully sold. However, depending on the total number of elections, you may not sell all of the shares you ask to tender. In the event of any scaling back, priority will be given to shareholders who tendered at a price below the eventual purchase price. As your shares are held with Hargreaves Lansdown scaling back of elections may not be on the same terms as those announced by the company.


• Any proceeds will be converted to Sterling upon receipt subject to the prevailing exchange rate at that time and our standard currency conversion fees.


Tender shares – Act by noon on Tuesday 9 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:$9.70
Buy:$9.90
Change: No change
Market closed Prices as at close on 28 March 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Tender Offer

Tetragon Financial Group Ltd USD0.001

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 18 Mar 2024)

Tetragon Financial Group Ltd wants to return up to USD25 million to shareholders. To do this the company is offering to buy its shares at a price between USD9.00 and USD10.50. This is called a tender offer.


If you don’t want to tender your shares, you don't need to do anything. You’ll keep your existing shares.


Please see below for a breakdown of the tender offer:


• You can ask to sell (tender) some or all of your shares at a specific price which is not less than USD9.00, or greater than USD10.50 (in increments of USD0.25, e.g. USD9.25USD9.50USD9.75USD10.00, etc.)


• The eventual purchase price will be the lowest price within the range at which the company can accept tenders totalling up to USD25 million.


• If you tender your shares at a price higher than the purchase price your instruction will be rejected and your shares will be returned to you.


• If you tender your shares at a price less than or equal to the eventual purchase price, you’ll receive the purchase price for any shares successfully sold. However, depending on the total number of elections, you may not sell all of the shares you ask to tender. In the event of any scaling back, priority will be given to shareholders who tendered at a price below the eventual purchase price. As your shares are held with Hargreaves Lansdown scaling back of elections may not be on the same terms as those announced by the company.


• Any proceeds will be converted to Sterling upon receipt subject to the prevailing exchange rate at that time and our standard currency conversion fees.


Tender shares – Act by noon on Tuesday 9 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.

×
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:
n/a
Trade high:
n/a
Year high:
$10.45
Estimated NAV:
3,068.04
Previous close:
$9.80
Trade low:
n/a
Year low:
$9.60
Premium/Discount:
-67.93%
Previous:
$0.00 (0.00%)
Previous:
$0.00
Volume:
n/a
Dividend yield:
4.49%
Currency:
USD
Data delayed by at least 15 minutes.

Price

  • Net Asset Value (NAV)
TETRAGON FIN performance chart

Premium/Discount

TETRAGON FIN performance chart
Full interactive share price and premium / discount charts

Performance

Not available for this stock.

Trust Basics

Benchmark: FTSE All Share TR GBP
Annual management charge: n/a
Performance fee: Yes
Ongoing charge: 2.70%
Dividend yield: 4.49%
Dividend frequency: Quarterly
Total assets: £2,556m
Gross gearing: 0%
Market capitalisation:Market cap.: £820m
Shares in issue: 81.20 million
Legal structure Closed Ended Investment Company
Domicile: Guernsey
ISIN GG00B1RMC548

Recent dividends paid or declared by Tetragon Financial Group Ltd:

Type Ex-div date Payment date Amount
Q4 * 06/03/2024 03/04/2024 11.00¢
Q3 01/11/2023 27/11/2023 11.00¢
Q2 02/08/2023 29/08/2023 11.00¢
Q1 02/05/2023 26/05/2023 11.00¢
Q4 07/03/2023 31/03/2023 11.00¢

* Dividend has not yet been paid but has been declared by Tetragon Financial Group Ltd.

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 Tetragon Financial Group Ltd dividends:

Financial
year end
Dividend
yield
Dividend
cover
Total dividend
paid
31/12/2023 4.40% 3.91 $0.44
31/12/2022 4.60% -0.57 $0.44
31/12/2021 4.80% 11.68 $0.31
31/12/2020 4.20% 4.67 $0.40
31/12/2019 6.10% 4.35 $0.74

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

Tetragon is a Guernsey closed-ended investment company. Its non-voting shares are listed on Euronext in Amsterdam, a regulated market of Euronext Amsterdam N.V., and also traded on the Specialist Fund Segment of the Main Market of the London Stock Exchange. Our investment manager is Tetragon Financial Management LP.

NET ASSET VALUE (NAV)

Estimated NAV: 3,068.04
Latest actual NAV: n/a
Latest actual NAV date: n/a
Premium/Discount: -67.93%
12m average Premium/Discount: -67.01%
NAV frequency: Monthly

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
Equitix 15.58%
Polygon European Equity Opportunity Fund Absolute 10.59%
Bentall Green Oak 7.31%
Lcm 7.26%
Direct 7.25%
U.S. Cl Os (Lcm) 5.65%
Polygon European Equity Opportunity Fund Long Bias 5.38%
Polygon Convertible Opportunity Fund 4.67%
Tetragon Credit Partners Funds 4.56%
Hawke's Point Funds & Co-Investments 3.61%

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Key Dates

Launch date: 19 April 2007
Financial year end: December
Next AGM: December 2024
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'.