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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
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
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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.

 

×
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
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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.

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.

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Fee Structure

The Investment Vehicle management fee is 0.90%, which reduces by a further 5 basis points each time the Investment Vehicles NAV exceeds 500m, 750m and 1bn respectively, to a minimum of 0.75% per annum.

Dividend Policy

The Company's dividend policy is to generate consistent income distributions to shareholders, at levels consistent with prevailing market conditions. This policy is currently implemented by way of annual dividends of 7.5p per Sterling ordinary share / 7c per Euro ordinary share paid quarterly.

ASSET SPLIT

Total number of holdings: 2.

Trust Manager

Not currently available for this investment trust.

Manager Bio

Not currently available for this investment trust.

Board Of Directors

Robert KirkbyChairman, Stephanie Carbonneil, Vanessa Neill, Esther Gilbert, Philip Braun

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. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are 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'.