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UIL Finance Ltd ZDP 2026 (UTLH) RED ZERO DIV PREF 31/10/2026 GBP 0.10

Sell:110.00p Buy:116.00p 0 Change: No change
Market closed Prices as at close on 12 April 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Miscellaneous

UIL Finance Ltd ZDP 2026 RED ZERO DIV PREF 31/10/2026 GBP 0.10

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Shares due
Details (last updated 29 Mar 2021)

UIL Finance is launching a new class of zero dividend preference (ZDP) shares. These shares will be issued at 100p each with a target return of 152.29p in October 2028.

 

You can apply to buy some of the 2028 ZDP shares at a fixed price of 100p each. The minimum you can apply for is 1,000 shares and amounts above this must be in amounts of 100, but you may not get all the shares you ask for.

 

You can give an instruction to convert to buy 2028 ZDP shares below before our deadline of noon Monday 12 April 2021.

 

If you ask to buy shares, you can do so in any of your HL accounts - we'll assume you’re applying for shares in the account you currently hold the Shares unless you tell us otherwise.

 

Full details will be sent to you 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:110.00p
Buy:116.00p
Change: No change
Market closed Prices as at close on 12 April 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Miscellaneous

UIL Finance Ltd ZDP 2026 RED ZERO DIV PREF 31/10/2026 GBP 0.10

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Shares due
Details (last updated 29 Mar 2021)

UIL Finance is launching a new class of zero dividend preference (ZDP) shares. These shares will be issued at 100p each with a target return of 152.29p in October 2028.

 

You can apply to buy some of the 2028 ZDP shares at a fixed price of 100p each. The minimum you can apply for is 1,000 shares and amounts above this must be in amounts of 100, but you may not get all the shares you ask for.

 

You can give an instruction to convert to buy 2028 ZDP shares below before our deadline of noon Monday 12 April 2021.

 

If you ask to buy shares, you can do so in any of your HL accounts - we'll assume you’re applying for shares in the account you currently hold the Shares unless you tell us otherwise.

 

Full details will be sent to you 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:110.00p
Buy:116.00p
Change: No change
Market closed Prices as at close on 12 April 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Miscellaneous

UIL Finance Ltd ZDP 2026 RED ZERO DIV PREF 31/10/2026 GBP 0.10

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Shares due
Details (last updated 29 Mar 2021)

UIL Finance is launching a new class of zero dividend preference (ZDP) shares. These shares will be issued at 100p each with a target return of 152.29p in October 2028.

 

You can apply to buy some of the 2028 ZDP shares at a fixed price of 100p each. The minimum you can apply for is 1,000 shares and amounts above this must be in amounts of 100, but you may not get all the shares you ask for.

 

You can give an instruction to convert to buy 2028 ZDP shares below before our deadline of noon Monday 12 April 2021.

 

If you ask to buy shares, you can do so in any of your HL accounts - we'll assume you’re applying for shares in the account you currently hold the Shares unless you tell us otherwise.

 

Full details will be sent to you 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:
113.00p
Trade high:
110.00p
Year high:
115.00p
Estimated NAV:
115.50
Previous close:
113.00p
Trade low:
110.00p
Year low:
89.50p
Premium/Discount:
-2.17%
Previous:
0.00p (0.00%)
Previous:
0.00p
Volume:
29,396
Dividend yield:
n/a
Currency:
GBX
Data delayed by at least 15 minutes.

Price

  • Net Asset Value (NAV)
UIL FIN ZDP 26 performance chart

Premium/Discount

UIL FIN ZDP 26 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: No
Ongoing charge: 2.07%
Dividend yield: n/a
Dividend frequency: Quarterly
Total assets: £471m
Gross gearing: 147%
Market capitalisation:Market cap.: £28m
Shares in issue: 10
Legal structure Closed Ended Investment Company
Domicile: Bermuda
ISIN BMG916101402

Dividend information for this stock is not available.

Dividend information for this stock is not available.

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Important Documents



Objective

UIL’s investment policy is to identify and invest in opportunities where the underlying value is not reflected in the market price. This perceived undervaluation may arise from factors such as technological change, market motivation, prospective financial engineering opportunities, competition, underperforming management or shareholder apathy. UIL aims to maximise value for shareholders through a relatively concentrated portfolio of investments.

NET ASSET VALUE (NAV)

Estimated NAV: 115.50
Latest actual NAV: 114.81
Latest actual NAV date: 23 February 2021
Premium/Discount: -2.17%
12m average Premium/Discount: -12.50%
NAV frequency: Weekly

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
Somers Limited 36.87%
Zeta Resources Ltd 18.52%
Utilico Emerging Markets Trust plc Ord 1p 14.67%
Resolute Mining ORD NPV 9.07%
Allectus Capital Limited Fintech investment compan 6.64%
Vix Tech Pte Limited Automated fare collection sys 3.82%
Orbital Corp Ltd 3.27%
Starpharma Holdings Ltd 2.31%
One Communications Ltd 0.97%
AssetCo plc Ordinary 10p Shares 0.56%
Sector Weight
Basic Materials 27.59%
Financial Services 14.67%
Industrials 3.83%
Healthcare 2.31%
Country Weight
Bermuda 36.87%
Guinea 18.52%
United Kingdom 15.23%
Australia 14.66%
United States 0.97%

Key Dates

Launch date: 7 May 2004
Financial year end: June
Next AGM: November 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'.