Perpetual Income And Gro... Share Discussion Threads

[glavey] 31/3/2021 07:45

Notably poor performance by MUT after PLI holders received a poor exchange. Remaining in PLI and its holdings would have left PLI holders about 10% better off now.

[poikka] 27/11/2020 10:30

13p SD - I already rcvd it, duh!

[glavey] 25/11/2020 05:39

MUT board is very quiet.

Why am I getting the feeling that PLI shareholders have been stitched up in this exchange...


"A favourable investor response to the recent combination with PLI has seen MUT's shares trade into premium territory. As at 24 November, this premium to cum-income NAV was 0.2%. This compares with average discounts of 4.8%, 6.4%, 7.2% and 4.1% over the past one, three, five and 10 years. MUT's current dividend yield stands at 4.1%."

[poikka] 24/11/2020 20:26

Wouldn't mind receiving the 13p/share at some stage...

[pensionbull] 23/11/2020 11:41

Came in Friday....now the proud owner of MUT shares......

[rob the slob] 20/11/2020 00:34

Mine arrived in my account this evening. Bye all! See you on the MUT board

[frteb] 19/11/2020 17:59

Hi all
My PLI shares in my AJ Bell account have been replaced with MUT shares today. I now have one MUT share for (roughly) every 3.37x PLI shares. So I'm expecting a cash credit to be paid for the residual amount. No message from AJB though stating what the formula was or confirming what the shrapnel is. They're normally pretty good so I expect an explanation by way of a message in the next day or so.
Hope that helps.

[route1] 19/11/2020 16:35

Same here, Pli showing on my trading account as NT= Non Tradable, which says to me the holding is frozen until at some point we are allocated the MUT shares we elected to receive,...just hope it is all worthwhile, when the allocation is finally made.

[poikka] 19/11/2020 10:42

It's a bit of a muddle. No MUT and no PLI holding showing on my account - so much for the 18th.

[pensionbull] 18/11/2020 15:57

PLI holding still showing with nil value

[pensionbull] 18/11/2020 15:56

Not yet......

[rob the slob] 18/11/2020 14:11

Anyone had new MUT shares in their CREST account yet?

[poikka] 16/11/2020 11:13

Thanks, but no trading taking place, and none allowed presumably for a few days. Well, I didn't intend trading, anyway.

[bluetooth] 16/11/2020 10:45

My holding is still showing with AJ Bell.

[poikka] 16/11/2020 10:25

Found this under MUT. Is it me, or is this a bit of a muddle - Russell expects this and expects that, but what about a definitive announcement from PLI?

Perpetual Income & Growth Investment Trust is expected to suspend prior to disclosure of the stock terms and election results.

Subject to shareholder approval and based on the current timetable, FTSE Russell anticipates the following treatment:

Tuesday 17 November 2020:

Expected announcement of the transaction terms and the election results.

In the absence of an active market, the close price for Perpetual Income & Growth Investment Trust will be updated to reflect the default stock terms of Murray Income Trust shares.

FTSE Russell expects to announce confirmed index changes, subject to the timely announcement of the stock terms and election results.

Wednesday 18 November 2020:

Expected settlement date of terms and the listing of the newly issued shares.

The Perpetual Income & Growth Investment Trust close price will be updated to reflect the stock terms.

Thursday 19 November 2020:

The Perpetual Income and Growth Investment Trust close price will be updated to reflect the stock terms.

Friday 20 November 2020 (at the earliest, assuming two days' notice subsequent to disclosure of the stock terms and election results):

Perpetual Income & Growth Investment Trust will be deleted from the FTSE Russell Indexes.

Murray Income Trust will be added to the FTSE 250 Index, at its enlarged market capitalisation, incorporating the scheme terms and election results.

[poikka] 16/11/2020 09:55

Oh hello, my holding is reading zero, but no compensating MUT holding. Oh well, I'll give it time.

[income investor] 13/11/2020 12:38

Yes, came in post today!

[route1] 13/11/2020 12:16

Just wondering if anyone has received the special dividend due today?

[north sea boy] 26/10/2020 16:11

Route1 - I sold out my PLI holding on 19/10 for an overall loss of nearly 35% to my original purchase price; final deciding factor for me was MUT reshaping the previous Q1-Q3 dividend structure to deliver a reduced Q2 dividend.

Think MUT overall is a reasonable IT, and I may buy back in at a later stage next year.

However, for now, I split the proceeds between IMB and LGEN in the hope that one or both of these battered shares will rise to recover some of my lost capital over the next 6-9 months. I fully realise the risk that I am taking here, but that will be reflected in the significant potential increase in dividend income.

Probably not a move that I would have made if PLI had retained its independent status, but there we are, some decisions are pushed upon us.

As always, time will tell in the end....

NSB

[income investor] 21/10/2020 11:38

I am going to keep and hold MUT shares. Good total return over 5 years. Only real alternative for me would be to sell and reinvest in global equity income stock - but they tend to come with lower yield currently.

[route1] 21/10/2020 02:43

We are all in the same "boat " so which option will you choose?

[wydffa] 15/10/2020 14:33

I see chairman buy/sale £10K yesterday.
I don't know where I would put the money if I sold, already have well balanced portfolio.

[north sea boy] 13/10/2020 20:02

Quite a quiet thread here given the likelihood that this IT is about to disappear?

Having read the circular issued yesterday, what are people's thoughts regarding:

a) selling up now and re-investing elsewhere,

vs.

b) receiving new MUT shares, then selling them to re-invest elsewhere,

vs.

c) keeping and holding the new MUT shares?


Do we think we see a further rise of PLI price into the Transaction date?

The time is almost upon us....

NSB

[poikka] 03/9/2020 17:58

Big bet on Vod at end of July - compared to other ITs, anyway.