Overview
M&G High Income’s aim is to achieve an above average and increasing income over the 20 year life of the Company while at the same time seeking to achieve capital growth. M&G High Income’s portfolio comprises mainly high yielding ordinary shares of UK companies listed on the London Stock Exchange. A significant proportion of the portfolio will be made up of companies outside the FTSE 100 Index (at any one time, such stocks shall represent between 5 and 35 % of the portfolio; more typically they will represent between 10 and 25 % of the portfolio). A small proportion of the portfolio may consist of convertible and other fixed interest securities. These will not exceed 30% of the portfolio and will more typically represent around 15%.
Research History
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18 Jan 2018 2 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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10 Apr 2017 1 min read
QuotedData investment companies roundup – April 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. April Investment Companies Roundup
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07 Dec 2016 1 min read
QuotedData investment companies roundup – December 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2016. december-investment-companies-roundup
News
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15 Nov 2016 1 min read
M&G offers investors in High Income trust rollover options ahead of wind-up
M&G is offering investors in its High Income investment trust options to move to different vehicles as it prepares to wind up in March 2017, including the JP Morgan Elect trust as a closed-ended option. The firm has offered investors in the trust, currently managed by Richard Hughes, two options – open and closed-ended – following […]
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10 Nov 2016 2 min read
M&G High Income rollover into JPMorgan Elect
As M&G High Income nears the maturity date of its zero dividend preference shares (in March 2017), its board has been considering its future. Today they have announced that they intend to put forward proposals for a reconstruction of the company. They’ll publish more detailed proposals early in 2017. Closed-ended rollover into JPMorgan Elect Conscious […]
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02 Aug 2016 3 min read
M&G High Income preparing for March 2017 wind up
Over the year to 31 May 2016, M&G High Income’s Package Units delivered a negative total return (capital and income reinvested) of 3.8% over the 12 months to 31 May 2016. This was ahead of the FTSE 350 Higher Yield and the FTSE All-Share indices, which registered negative returns of 8.5% and 6.3% respectively. The […]
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22 Feb 2016 2 min read
M&G High Income to offer rollover options next year
M&G High Income says, on a net asset value basis, each Package Unit delivered a negative total return of 3.6% over the six months to 30 November 2015. This was above the returns of the FTSE 350 Higher Yield Index and the FTSE All-Share Index, which were a negative 9.4% and 6.4% respectively over the same period. Over the six months […]
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29 Jul 2015 2 min read
M&G High Income wants to use derivatives
M&G High Income Investment Trust has announced results for the year ended 31 May 2015. On a net asset value basis, each Package Unit delivered a total return of 8.8% over the 12 months to 31 May 2015. This was above the returns of the FTSE 350 Higher Yield Index and the FTSE All-Share Index, which […]
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16 Jan 2014 1 min read
M&G High Income : MGHU – interim results
Over the six months to the end of November 2013 M&G High Income’s package units delivered a total return of 6.1% – ahead of the returns on the FTSE 350 High Yield Index (up 2.3%) and the FTSE All-Share Index (up 3.9%). Dividends for the first half totalled 2.8p, 7.7% up on the equivalent period […]
