|Middlefield Canadian Inc Tst Inv Co
||RED PART PREF SHS NPV
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
Middlefield Canadian Share Discussion Threads
Showing 51 to 73 of 75 messages
|Middlefield Canadian Income (MCT) is listed on the Main Market of the London Stock Exchange. It aims to invest in a diversified portfolio of Canadian and selected US companies that are able to pay high sustainable or growing dividends and have the potential to generate long-term capital growth. On a sector basis, the trust currently has high exposure to the pipelines, power & utility and real estate sectors. MCT is benchmarked against the S&P/TSX Composite High Dividend Index, which it has outperformed over one, three and five years. MCT currently pays a regular quarterly dividend of 1.25p, although the board has recently proposed a modest increase to 1.275p; its current dividend yield is 4.7%.
MCT's 5.4% current share price discount to cum-income NAV compares to the averages of the last one, three, five and 10 years (range of 5.4% to 13.4%). There is scope for the discount to narrow further if investor demand for Canadian equities increases or the manager continues to deliver positive relative investment performance. Investors should note that as recently as early 2015, MCT's share price stood at a premium to NAV. |
|The Board has considered the level of income generated in the first quarter of 2017 and the Investment Manager's view as to the sustainability of such level of income over the remainder of the Fund's current financial year (assuming that the Canadian dollar and US dollar exchange rates do not demonstrate a significant weakening relative to sterling over the period). Furthermore, to remain eligible for investment trust status under section 1158 of the Corporation Tax Act 2010 with respect to its tax status, in any accounting period the Fund may retain no more than 15 per cent. of its income.
In light of such factors, the Board is proposing a small increase in the quarterly dividend payable, from 1.25p per share to 1.275p per share, equating to 5.1p per annum. It is proposed that such increase will commence with the quarterly dividend payable in July 2017.|
|As at the close of business on 12 April 2017 the estimated unaudited Net
Asset Value per share was 119.29 pence (including accrued income).|
|Today Questor in Telegraph recommends for income and narrowing discount. MMs can read!|
|Another nice lift at the close.|
|Still trading at a wide discount|
|Bid dropped from 103 at end of day|
|NAV up share price up|
|discount is growing as share price slips away
yield is around 5%|
|Dividend in, just waiting for DRIP|
|Sky...mail sent :)|
|BT - glad to see you're still out there!
Tried emailing you with some info, but bounced back. Perhaps you've changed your address. Email me if so and I'll resend...|
|Very pleased with the run up on this having bought in at a decent level for income and continuing to look positive.|
|As at the close of business on 30 September 2016 the estimated unaudited
Net Asset Value per share was 109.44 pence (including accrued income).|
|Latest NAV is 107p.
So yielding over 5% with a discount of over 10%.|
|Interesting Skyship. The TER at CGI is horrendous for what is a large tracker fund of the Canadian market. Not sure about the yield, I get 4 and a bit percent. 6% spread showing at HL. That discount has been quite high for a very long time.
It doesn't give me a warm fuzzy feeling....|
|Still far prefer CGI - higher yield and a 30% NAV discount...|
|Where else can you buy a fund with Microsoft etc in it at a significant discount....|
|Toying with adding|
|Still a very a big discount to NAV|
|Still good value on offer here.|
|Yes The fact the fund is unhedged made me sit up and take notice.|