Overview
The Cayenne Trust aims to achieve consistent positive total returns by investing in UK investment trusts and other closed-end funds. Derivatives are used to preserve capital and minimise NAV volatility and a focused portfolio of diversified assets reduces stock specific risk. They say management independence allows them an active approach and say Cayenne has a long track record of working with boards/managers to realise value.
News
-
26 Nov 2015 1 min read
Cayenne election results are in!
The Cayenne Trust has announced the results of its rollover elections. F&C Managed Portfolio Trust was the rollover vehicle offered. 2,4787,999 Cayenne shares have elected to rollover into F&C Managed Portfolio Income shares, 1,751,028 Cayenne shares have elected to rollover into F&C Managed Portfolio Growth shares, whilst 15,153,737 Cayenne shares have opted for the cash […]
-
30 Oct 2015 1 min read
Cayenne publishes reconstruction / winding up proposals
The Cayenne Trust has published its reconstruction / winding up proposals – fleshing out the ideas announced in mid-September. Under the Proposals, shareholders are entitled to roll over their investment in the Company into F&C Managed Portfolio Trust choosing either the Income portfolio, Growth portfolio or both. The other option is to elect for cash […]
-
23 Sep 2015 2 min read
Cayenne Trust CULS conversion facilitates a speedier return of capital
The Cayenne Trust has released its interim results for the six-months ended 31 July 2015 during which its NAV per share increased by 1.6% (4.2% on a fully diluted basis). In comparison, the FTSE All Share Equity Investment Instruments Index increased by 3.39% during the period. A dividend of 3.8p was paid on 21st August. […]
-
15 Sep 2015 2 min read
Cayenne rollover into F&C Managed Portfolio
The board of directors (the “Board”) of The Cayenne Trust plc (the “Company”) announced on 3 August 2015 its intention to bring forward the Company’s liquidation and identify a rollover option for shareholders. The Company received a number of proposals and, after due consideration, the Board is pleased to announce that it has agreed terms with F&C Managed […]
-
24 Apr 2015 2 min read
Cayenne Trust says considering proposals for future of the company
The Cayenne Trust’s results for the year ended 31 January 2015 have been published. The company’s net asset value total return and share price total return were both 12.1% for the period. This compares to an 11.6% return on the FTSE All-Share Equity Investments Index. The dividend has been increased from 1.2p to 3.8p. The […]
-
18 Feb 2015 1 min read
The Cayenne Trust to wind up
As James Hart, one of the investment team working on The Cayenne Trust, departs for Witan (see separate story) and Len Gayler, the fund’s chief executive, decides he’d like to relinquish responsibility for the fund in 2016, The Board of The Cayenne Trust has decided that the best course of action is to plan to […]
-
29 Apr 2014 1 min read
The Cayenne Trust : TCT – annual results
The Cayenne Trust has posted its figures for the year ended 31 January 2014. The Cayenne Trust generated a net asset value total return of 13.6% for the year – 3.6% more than the return on the FTSE Equity Investments Instruments Index.
