M&G High Income Share Discussion Threads

[aleman] 24/7/2013 10:17

Down 1.375p on the day they went ex-dividend by 1.6p.

[skinny] 17/7/2013 15:31

Much appreciated, thank you M&G!

[lord gnome] 17/7/2013 15:28

Looks like we've just had a 10% pay rise.


M&G High Income Investment Trust P.L.C.

Dividend Announcement
M&G High Income Investment Trust P.L.C. announces that at a meeting of the Board of Directors held today, it was resolved to declare a fourth interim dividend of 1.60p, an increase of 10.3% (2012: 1.45p) per Income Share, in respect of the three months period ended 31 May 2013. The dividend will be paid on 23 August 2013 to Income Shareholders on the register at the close of business on 26 July 2013. The ex-dividend date will be 24 July 2013.

The dividend will also be payable to holders of Income & Growth Units and Package Units.

[lord gnome] 12/7/2013 20:13

Capital shares are back in the money.


12 July 2013
M&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 £408.9 million.

Income Shares * 73.50p
Capital Shares 2.31p
Zero Dividend Preference Shares 87.40p
Income & Growth Units 75.81p
Package Units 163.21p

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 70.00p.

[aleman] 12/7/2013 14:48

Should get dividend announcement soon. Ex-dividend on 24th?

[lord gnome] 09/7/2013 17:44

That's a big income buffer for the income shares as well, Aleman.

[aleman] 09/7/2013 16:00

NAV buffer looking healthy again.

9 July 2013
M&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 £404.5 million.

Income Shares * 73.50p
Capital Shares 0.59p
Zero Dividend Preference Shares 87.40p
Income & Growth Units 74.09p
Package Units 161.49p

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 70.00p.

[aleman] 19/6/2013 15:52

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 £392.6 million.

Income Shares * 69.32p
Capital Shares 0.00p
Zero Dividend Preference Shares 87.40p
Income & Growth Units 69.32p
Package Units 156.72p

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 65.91p

[aleman] 07/6/2013 16:11

7 June 2013
M&G High Income Investment Trust P.L.C.

Capital share buffer has disappeared - although markets have bounced strongly this afternnon.

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 £391.2 million.

Income Shares * 69.41p
Capital Shares 0.00p
Zero Dividend Preference Shares 86.74p
Income & Growth Units 69.41p
Package Units 156.15p

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 66.58p

[langland] 10/5/2013 15:17

NAV now 402.7mn.

[skinny] 08/5/2013 07:41

Post 55 - obviously I meant shrewd! :-)

[langland] 08/5/2013 07:34

FYI...........The company have now updated the NAV as per post above.

[aleman] 07/5/2013 18:13

Here's last time the capital shares were in the money - with no separate ex-income NAV though:

18 June 2008
M&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 at 12:00 noon today was £70.3 million.
Income Shares 75.32p



Capital Shares 0.43p



Zero Dividend Preference Shares 55.52p



Income & Growth Units 75.75p



Package Units 131.27p


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.


END

[lord gnome] 07/5/2013 17:40

That's what I think Aleman. Surely the ex-income value of Income shares cannot rise above 70p.

[lord gnome] 03/5/2013 17:01

As in Taming of the ... ? I'm not in to rodents Skinny.

[skinny] 03/5/2013 17:00

I'm in both - so hope that's a shrew move.

[lord gnome] 03/5/2013 16:25

Skinny - I sold out of my NWBD and reinvested some of the cash here. A similar top-up in GLIF will take the rest.

[skinny] 03/5/2013 15:52

150% 'top-up' :-)