FINANCIAL AND PERFORMANCE HIGHLIGHTS
OBJECTIVE
To provide Shareholders with long-term returns through capital and income growth by investing predominantly in a portfolio of UK listed companies.
POLICY
Phoenix Asset Management Partners Limited (Phoenix) was appointed Investment Manager on 28 January 2016. Phoenix currently seeks to achieve the Objective by investing, primarily, in a portfolio of UK listed equities.
The portfolio will remain relatively concentrated. The exact number of individual holdings will vary over time but typically the portfolio will consist of 15 to 20 holdings.
The Investment Policy of the Company can be found below.
BENCHMARK
DIVIDEND
The Board proposes to pay a final dividend of 0.55p per Ordinary Share (2019: 4.5p) to be paid on 2 July 2021 to Shareholders who appear on the register as at 11 June 2021, with an ex-dividend date of 10 June 2021. During the year the Company's revenue reduced by 69%. This was due to the cuts in the dividends of the Company's underlying investments brought about by circumstances surrounding the Covid-19 pandemic.