Overview
Mithras Investment Trust : MTH
Delisted
Mithras Investment Trust was a private equity trust but today its investment objective, approved by shareholders in January 2009, is to follow a realisation strategy which aims to crystallise value for shareholders in a manner which seeks to achieve a balance between returning cash to shareholders and maximising the value of the Company’s portfolio.
Mithras Investment Trust will not make any new investments but will continue to meet its existing outstanding commitment to Mithras Capital Fund. Mithras Investment Trust will retain sufficient cash resources to meet all outstanding obligations and realised cash may be invested in AAA-rated money market funds pending its return to shareholders in accordance with the Company’s investment objective.
Mithras Investment Trust plc (“Mithras” or “Company”) was founded in 1990 and listed on the London Stock Exchange in 1994. With effect from 1 April 2009, Mithras was managed by Mithras Capital Partners LLP, making it self-managed.
Following a successful realisation strategy and the passing of a special resolution by shareholders at a General Meeting on 12 September 2018, Mithras Investment Trust plc was placed into a Members’ Voluntary Liquidation.
As a consequence the Company’s share listing was cancelled on 13 September 2018.
MTH : Mithras Investment Trust : MTH
Research History
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25 Apr 2018 2 min read
Quarterly investment companies roundup – First quarter 2018
Quarterly investment companies roundup – First quarter 2018 Quarterly investment companies roundup – First quarter 2018 – Global equity markets declined in the first quarter of 2018. Concerns about US interest rate rises were the feature of the first half of the quarter. However, worries about global trade took over in the second part, particularly […]
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14 Jun 2017 2 min read
QuotedData investment companies roundup – June 2017
QuotedData investment companies roundup – June 2017 – is 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 May 2017. Kindly sponsored by Baillie Gifford. June Investment Companies Roundup Japan was one of the best places to be […]
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15 Mar 2017 1 min read
QuotedData’s round up of views on the global economy – March 2017
A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored […]
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16 Dec 2013 1 min read
Quoted Fund weekly issues and repurchases
Each week we’ll let you know which funds are growing and which are shrinking – please see the attached pdf: 131216-issues-and-repurchases
News
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29 Mar 2016 1 min read
Mithras announces fifth tender offer
Mithras has announced that, following what it describes as, “a strong start to 2016 in terms of exit proceeds received”, that it is currently preparing for its fifth tender offer. The trust says that this is expected to be for no less than £9.0m and should be completed, including obtaining approvals and receiving tender offer […]
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03 Mar 2016 3 min read
Cash flowing back to Mithras
Mithras has reported a 6.7% uplift in its NAV and a 2.8% increase in its share price over the year ended 31 December 2015 (as the discount widened from 12.1% to 15.3%). the Board has recommended a final dividend totalling 1.0 pence per share (2014: 1.0 pence). Cash distributions received by the Company amounted to […]
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30 Jul 2015 2 min read
Mithras enjoying favourable exit environment
Mithras results for the first half of 2015 show the NAV falling from 162.1p to 158.4p meaning that the NAV total return was also negative -1.7%. The return to shareholders was 3.5%. these numbers compare to a 3.5% return on the FTSE All-Share Index. the Company completed its fourth tender offer in June 2015, buying back a […]
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06 Mar 2014 1 min read
Mithras : MTH – annual results
Mithras posted a 12% increase in net assets over 2013 and its share price did even better, rising by 22%. £13m was returned to shareholders via two tender offers as the fund continued its strategy of winding down its portfolio. Amongst the cash flowing back to the company during the year were proceeds of exits […]
