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Troy Income & Growth Trust plc (TIGT) Ordinary 25p

Sell:81.60p Buy:83.20p 0 Change: 0.30p (0.36%)
Market closed Prices as at close on 18 October 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
Sell:81.60p
Buy:83.20p
Change: 0.30p (0.36%)
Market closed Prices as at close on 18 October 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
Sell:81.60p
Buy:83.20p
Change: 0.30p (0.36%)
Market closed Prices as at close on 18 October 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
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 provide shareholders with an attractive income yield and the prospect of income and capital growth through investing in a portfolio of predominantly UK equities. Asset classes other than equities will be purchased from time to time, will vary as opportunities are identified and will include convertibles, preference shares, fixed income securities and corporate bonds. However, non-equity securities will not constitute the majority of the portfolio. The Company may also use derivatives for the purpose of efficient portfolio management, including reducing, transferring or eliminating investment risk in its investments and protection against currency risk, to exploit an investment opportunity and to achieve an overall return.
Sector Weight
Consumer Defensive 23.11%
Financial Services 19.27%
Consumer Cyclical 13.94%
Energy 9.05%
Healthcare 7.36%
Real Estate 6.74%
Technology 4.44%
Utilities 3.84%
Industrials 3.72%
Basic Materials 1.86%
Country Weight
United Kingdom 76.03%
United States 15.67%
Switzerland 3.30%

Fee Structure

Management fee of 0.65% of NA.The fee is calculated monthly and paid quarterly. The contract is terminable on 6 months notice.

Dividend Policy

Dividends on the Ords are payable quarterly at the end of January, April, July and October. It is intended that the investment policy of the Company generates an income yield that will permit the dividend of Company to grow over time.

ASSET SPLIT

Total number of holdings: 49.

Trust Manager

Francis Brooke

Manager Bio

Francis graduated from Edinburgh University in 1986, following which he worked at Kleinwort Benson Securities and Foreign & Colonial Management Ltd, where he was appointed Director in 1995. From 1997 to 2004 he worked for Merrill Lynch Investment Managers as a Director, and managed over £1.5 billion of UK Equities. He was also a member of both the Asset Allocation & Sector Strategy Committees at MLIM. In 2004 he left to join Troy.

Board Of Directors

David WarnockChairman, David Garman, Roger White, Jann Brown

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'.