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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| M&G High | MGHI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 53.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 53.00 |
| Top Posts |
|---|
Posted at 20/2/2017 20:31 by blackpoolsteve Yes,the winding up document stated that the illustative value of the income shares would be 55p.The entitlement of the Zeros is 122.832p,nearly 1p off the above NAV of 56.4p.maybe less the final dividend of say 1p or less which is due on 3rd March,which means the 55p value will be fairly accurate. Anybody any ideas for a good income alternative to MGHI? |
Posted at 20/2/2017 17:17 by skinny 20 February 2017M&G High Income Investment Trust P.L.C. The Board of M&G High Income Investment Trust P.L.C. announce that the net asset value (NAV) at 12:00 noon today was £448 million. Income Shares * 56.94p 'XD' Capital Shares 0.00p Zero Dividend Preference Shares 121.91p Income & Growth Units 56.94p 'XD' Package Units 178.85p 'XD' The net asset values have been calculated on a cum-income basis, with dividends payable deducted from net assets on the ex-dividend date. Financial assets are valued on a mid-market price basis. * The ex-income NAV of each Income Shares is 56.40p. |
Posted at 27/1/2017 12:22 by bingham Was looking at JPEI but divi a bit low. |
Posted at 26/1/2017 14:05 by blackpoolsteve Yes thats correct,and final dividend due to go xd on 3rd March,I think. Not sure of final cash payout,if you dont do a rollover,but it looks about 50pRegards,Steve |
Posted at 26/4/2016 22:58 by timbo003 >>>>SleeYour analysis is correct. If the shares were wound up today (with no fees incurred) and the Zeros were paid out in full today, then the income shares would receive the current NAV for the units (MGHU) minus the final redemption value of the zeros (MGHZ) i.e. 169.15p - 122.83p = 46.32p I hold a few income shares (MGHI) which currently trade at at around today's wind up value (i.e. a 0% discount), however they still offer good value as you get some decent gearing for nil premium and there are still a few good dividends to come (which should be covered by revenue coming in as dividends from the investment portfolio). |
Posted at 30/3/2016 10:17 by aleman 3 trading days of the tax-year left. CGT and dividend tax changes next year so some might want to make porfolio changes this year. It's less than a year to wind up of MGHI and there are no proposals for a roll-over vehicle yet. Some investors might have wanted to sell in the current tax-year if they knew what the new proposals are, but it is nearly too late. Not a very good show. |
Posted at 25/2/2016 08:54 by mister md nice dividend paid into my account today ;) |
Posted at 20/1/2016 16:02 by aleman M&G High Income Investment Trust's board has resolved to declare a second interim dividend of 1.60p, an increase of 6.7% (2014: 1.50p) per income share, for the three months to 30 November. The dividend will be paid on 25 February to income shareholders on the register at the close of business on 29 January. The ex-dividend date will be 28 January 2016. |
Posted at 12/1/2016 17:58 by plasybryn Ex Dividend on 20th I think. Will we see buying ahead of dividend? |
Posted at 31/12/2015 12:40 by lord gnome Basically, whichever is cheapest right now. MGHU only makes sense if you think that the capital value of MGHI is going to exceed 70p on wind up. Personally I think this is now something of a long shot and only a very good market run would do it. In which case MGHI is just as good a bet for anything under 70p as both will receive the same amount on wind up and the MGHC element of MGHU will retire worthless. (MGHC currently quoted at 2.1 - 2.5p, so somebody must be hopeful). |
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