Half-yearly report for the six months ended 31 March 2021 The Directors of Baronsmead Second Venture Trust plc are pleased to announce the unaudited half-yearly financial report for the six months to 31 March 2021. Copies of the half-yearly report can be obtained from the following website: www.baronsmeadvcts.co.uk . Our Investment Objective · Baronsmead Second Venture Trust plc is a tax efficient listed company which aims to achieve long-term investment returns for private investors, including tax free dividends. Investment Policy · To invest primarily in a diverse portfolio of UK growth businesses, whether unquoted or traded on AIM. · Investments are made selectively across a range of sectors in companies that have the potential to grow and enhance their value.
1. Net debt is the total value of loan notes, loans (including notional exposure to CFDs and Total Return Swap) less cash as a proportion of net asset value. 2. Dividends per share are the dividends in respect of the financial year ended 31 March 2021. An interim dividend of 5.20p was paid in January 2021. A final dividend of 9.00p (2020: 8.80p) will be paid on 4 August 2021 to shareholders on the register on 18 June 2021. 3. The NAV Total Return for the year is calculated by reinvesting the dividends in the assets of the Company from the relevant ex-dividend date. Dividends are deemed to be reinvested on the ex-dividend date as this is the protocol used by the Company s benchmark and other indices.
UNAUDITED HALF YEAR RESULTS FOR THE SIX MONTHS ENDED 31ST MARCH 2021 Legal Entity Identifier: 5493006R74BNJSJKCB17 Performance and the Company s Improved Rating In the six months to 31st March 2021 the Company s return to shareholders was +19.9%, representing a significant outperformance of the Company s benchmark index, the MSCI All Countries Asia ex Japan Index, which returned +14.1%. The net asset value ( NAV ) return was +17.8% (all figures are on a total return basis). The Company s strong performance alongside the attractive yield has fueled ongoing demand for the Company s shares, particularly from retail investors, with such investors now holding just under 45% of the Company s share capital; having represented circa. 26% of the register in September 2016. This demand has resulted in the Company s shares trading consistently at or close to a premium to NAV over the reporting period, with the Company s shares ending
Ecofin Global Utilities and Infrastructure Trust plc (the Company ) is an authorised UK investment trust whose objectives are to achieve a high, secure dividend yield on a portfolio invested primarily in the equities of utility and infrastructure companies in developed countries and long-term growth in the capital value of the portfolio while preserving shareholders capital in adverse market conditions. · During the six months ended 31 March, 2021, the Company s net asset value ( NAV ) per share increased by 13.5% on a total return basis. The Company s share price increased by 16.1% on a total return basis over the six months · Two quarterly dividends were paid during the six months totalling 3.30p per share. Based on the price of the Company s shares as at 31 March, 2021, the dividend yield (annualised) was 3.6%