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CVC Income & Growth Limited (CVCG) Ord NPV GBP

Sell:116.50p Buy:120.00p 0 Change: No change
FTSE All Share:0.75%
Market closed |  Prices as at close on 21 November 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Tender Offer

CVC Income & Growth Limited Ord NPV GBP

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 18 Jul 2024)

CVC Income & Growth Limited have announced details for a new semi-annual tender offer. You have two options to consider before our noon on Thursday 8 August 2024 deadline.

 

 

Semi-annually, the tender offer allows the company to buy-back up to 15% of the shares in issue. Each shareholder at this September opportunity therefore has a basic entitlement to tender (i.e., elect to sell 15%) of their shareholding as at the close of business on 8 August 2023. You are able to elect to tender any number of shares. However, tenders made in excess of your basic entitlement will only be accepted to the extent that other shareholders tender less than their basic entitlement. Such tenders may therefore be subject to pro rata scaling back. The tender offer price will be the Net Asset Value (NAV) per share on 30 September 2024 less 1% of the reference price (equivalent to 1p).

 

What are my options?

 

Option 1 – Tender a number of ordinary shares. If you wish to tender a number of shares at this opportunity please give us your instruction by noon on Thursday 8 August 2024, at which point any tendered shares will be removed from your portfolio. Cash proceeds from the tender offer are expected from 15 November 2024.

 

Option 2 – Take no action. Shareholders are not obliged to tender any number of shares. If you do not return an instruction no shares will be tendered on your behalf and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

 

×
Sell:116.50p
Buy:120.00p
Change: No change
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Market closed |  Prices as at close on 21 November 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Tender Offer

CVC Income & Growth Limited Ord NPV GBP

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 18 Jul 2024)

CVC Income & Growth Limited have announced details for a new semi-annual tender offer. You have two options to consider before our noon on Thursday 8 August 2024 deadline.

 

 

Semi-annually, the tender offer allows the company to buy-back up to 15% of the shares in issue. Each shareholder at this September opportunity therefore has a basic entitlement to tender (i.e., elect to sell 15%) of their shareholding as at the close of business on 8 August 2023. You are able to elect to tender any number of shares. However, tenders made in excess of your basic entitlement will only be accepted to the extent that other shareholders tender less than their basic entitlement. Such tenders may therefore be subject to pro rata scaling back. The tender offer price will be the Net Asset Value (NAV) per share on 30 September 2024 less 1% of the reference price (equivalent to 1p).

 

What are my options?

 

Option 1 – Tender a number of ordinary shares. If you wish to tender a number of shares at this opportunity please give us your instruction by noon on Thursday 8 August 2024, at which point any tendered shares will be removed from your portfolio. Cash proceeds from the tender offer are expected from 15 November 2024.

 

Option 2 – Take no action. Shareholders are not obliged to tender any number of shares. If you do not return an instruction no shares will be tendered on your behalf and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

 

×
Sell:116.50p
Buy:120.00p
Change: No change
Market closed |  Prices as at close on 21 November 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Tender Offer

CVC Income & Growth Limited Ord NPV GBP

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 18 Jul 2024)

CVC Income & Growth Limited have announced details for a new semi-annual tender offer. You have two options to consider before our noon on Thursday 8 August 2024 deadline.

 

 

Semi-annually, the tender offer allows the company to buy-back up to 15% of the shares in issue. Each shareholder at this September opportunity therefore has a basic entitlement to tender (i.e., elect to sell 15%) of their shareholding as at the close of business on 8 August 2023. You are able to elect to tender any number of shares. However, tenders made in excess of your basic entitlement will only be accepted to the extent that other shareholders tender less than their basic entitlement. Such tenders may therefore be subject to pro rata scaling back. The tender offer price will be the Net Asset Value (NAV) per share on 30 September 2024 less 1% of the reference price (equivalent to 1p).

 

What are my options?

 

Option 1 – Tender a number of ordinary shares. If you wish to tender a number of shares at this opportunity please give us your instruction by noon on Thursday 8 August 2024, at which point any tendered shares will be removed from your portfolio. Cash proceeds from the tender offer are expected from 15 November 2024.

 

Option 2 – Take no action. Shareholders are not obliged to tender any number of shares. If you do not return an instruction no shares will be tendered on your behalf and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

 

×
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The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
117.50p
Trade high:
120.00p
Year high:
120.00p
Estimated NAV:
118.19
Previous close:
117.50p
Trade low:
116.50p
Year low:
100.00p
Premium/Discount:
-1.07%
Previous:
0.00p (0.00%) Previous:
0.00p
Volume:
215,722
Dividend yield:
6.70%
Currency:
GBX
Data delayed by at least 15 minutes.

Share chart Chart

Price

  • Net Asset Value (NAV)
CVC IG GBP performance chart

The chart is based on estimated NAV but will be updated with actual NAV when available.

Premium/Discount

CVC IG GBP performance chart
Full interactive share price and premium / discount charts

Performance

1 week 1W 0.42% 1 year 1Y 11.37%
1 month 1M 0% 2 years 2Y 32.77%
3 months 3M 0.86% 3 years 3Y 12.71%
6 months 6M 4.44% 5 years 5Y 16.63%

Performance figures are based on the previous close price. Past performance is not an indication of future performance.

Trust Basics

Benchmark: No benchmark
Annual management charge: n/a
Performance fee: No
Ongoing charge: 2.41%
Dividend yield: 6.70%
Dividend frequency: Quarterly
Total assets: £220m
Gross gearing: 0%
Market capitalisation:Market cap.: £143m
Shares in issue: 205.65 million
Legal structure Closed Ended Investment Company
Domicile: Jersey
ISIN JE00B9MRHZ51

Recent dividends paid or declared by CVC Income & Growth Limited:

Type Ex-div date Payment date Amount
2nd interim * 07/11/2024 29/11/2024 2.0625p
1st interim 08/08/2024 30/08/2024 2.0625p
Final 09/05/2024 31/05/2024 2.0625p
3rd interim 08/02/2024 01/03/2024 4.125p
2nd interim 09/11/2023 01/12/2023 1.875p

* Dividend has not yet been paid but has been declared by CVC Income & Growth Limited.

This data is provided by Digital Look. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision.

Full dividend history

Five years' total annual CVC Income & Growth Limited dividends:

Financial
year end		 Dividend
yield		 Dividend
cover		 Total dividend
paid
31/12/2023 4.80% 2.40 €0.12
31/12/2022 7.90% -1.65 €0.12
31/12/2021 3.70% 1.76 €0.06
31/12/2020 4.80% -0.95 €0.06
31/12/2019 4.60% -0.57 €0.07

All dividend data is calculated excluding any special dividends. Historical dividends may be adjusted to reflect any subsequent rights issues and corporate actions.

Full dividend history

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Important Documents



Objective

To invest predominantly in debt instruments issued by companies domiciled, or with material operations, in Western Europe across various industries. The Company's investments are focused on the senior secured obligations of such companies but investments are also made across the capital structure of such companies.The Company pursues its investment policy by investing all of its assets, save for a working capital balance, in the Investment Vehicle.

NET ASSET VALUE (NAV)

Estimated NAV: 118.19p
Latest actual NAV: 118.65p
Latest actual NAV date: 15 November 2024
Premium/Discount: -1.07%
12m average Premium/Discount: -2.46%
NAV frequency: Weekly

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Key Dates

Launch date: 24 June 2013
Financial year end: December
Next AGM: April 2025

Annual & interim reports

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided by Factset. Dividend data provided by Digital Look. Recent trade data provided by MoneyAM. Trust basics, holding data, key dates, objective and NAV provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.