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PLI Perpetual Income And Growth Investment Trust Plc

244.50
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Perpetual Income And Gro... Investors - PLI

Perpetual Income And Gro... Investors - PLI

Share Name Share Symbol Market Stock Type
Perpetual Income And Growth Investment Trust Plc PLI London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 244.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
244.50 244.50
more quote information »

Top Investor Posts

Top Posts
Posted at 31/7/2020 10:04 by aurelius5
This is a really poor deal for long term investors. Since July 31st 1998 PLI's share price has grown by 60% and MUT's by 54%. More pertinently for the income investor, PLI has increased its dividend by 413% and MUT by a much more modest 132% (1998-2019). Like MRCH, MUT has "dividend hero" status but its annual rises are often meagre and below inflation. I shan't be rolling over into MUT, maybe LWDB, JCH or NAIT.
Posted at 12/4/2017 18:01 by edwardt
apparently the savings scheme at IP has been switched to self trade and I guess this comes with added expense to investors hence probably been a lot of selling by private investors which may explain the widening of the discount. any views?
Posted at 21/3/2010 07:56 by washbrook
Being an holder of this stock.
The announcement below(also the dividend was brought forward before the start of the new tax year.)
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The Board of Perpetual Income & Growth Investment Trust plc (the "Company")
announces today that it is considering an equity capital raising through an
issue of a new class of share capital, namely, B shares.

The Board believes that the Company constitutes a highly attractive investment
opportunity with a strong long-term performance track record within the UK
Growth and Income sector, and that the introduction of B Shares will provide an
innovative and advantageous method of investing, or increasing one's
investment, in a portfolio benefiting from the managerial expertise of Mark
Barnett.

The new B Shares will enjoy identical rights to the existing ordinary shares
save for entitlements to dividends; instead, when dividends are paid to
ordinary shareholders, an equivalent amount will be paid to B shareholders in
the form of a capital distribution. These capital distributions will be taxed
in accordance with rules relating to the taxation of chargeable gains, rather
than income. The availability of two share classes with these differing tax
treatments will enable shareholders to structure their investment in the
Company in a tax efficient manner.

Any issue of new shares will only be carried out on terms that would not be
dilutive to existing shareholders.

Collins Stewart Europe Limited has been appointed as sponsor and sole broker in
respect of the proposal.

A further announcement regarding the B Share Issue will be made in due course.

Bill Alexander, Chairman, said:

"The Board believes that an issue of B Shares would be beneficial to existing
shareholders. It would also provide purchasers with a new means of accessing
the Company's proven investment management expertise, allowing investors and
their advisers to optimise their tax planning."

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