TIDMFMPG

RNS Number : 7699O

F&C Managed Portfolio Trust PLC

21 May 2018

   TO:                  RNS 
   FROM:            F&C Managed Portfolio Trust 
   DATE:             21 May 2018 
   SUBJECT:      Edison review of F&C Managed Portfolio Trust plc 
   LEI:                 213800ZA6TW45NM9YY31

Edison issues review on F&C Managed Portfolio Trust (FMPG, FMPI)

F&C Managed Portfolio Trust (FMPT) has a differentiated structure comprising two listed portfolios: income (FMPI) and growth (FMPG). The trust is celebrating its 10th anniversary, and both portfolios have outperformed the benchmark FTSE All-Share index over three and 10 years, while FMPG has also outperformed over one and five years. Any income generated by FMPG is transferred to FMPI in exchange for an equal amount of capital, boosting their respective capital growth and income prospects. FMPI and FMPG have recently changed their Association of Investment Companies (AIC) classifications from the Global Equity Income and Global sectors respectively, to the Flexible Investment sector, which the manager says is a more relevant peer group. FMPI has grown its annual dividend regularly since 2012 and is currently yielding 4.0%.

FMPT's board aims to ensure that both portfolios trade close to NAV. FMPI and FMPG have the authority, renewed annually, to repurchase up to 14.99% and issue up to 10% of shares. As noted above, FMPG does not pay a dividend, while FMPI benefits from the growth portfolio's transfer of income in exchange for capital; it currently offers shareholders an above-average 4.0% dividend yield.

Click here to view the full FMPG/FMPI report.

All reports published by Edison are available to download free of charge from its website

www.edisoninvestmentresearch.com

About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information please contact Edison:

Mel Jenner, +44 (0)20 3077 5720

Sarah Godfrey, +44 (0)20 3681 2519

investmenttrusts@edisongroup.com

Learn more at www.edisongroup.com and connect with Edison on:

   LinkedIn        https://www.linkedin.com/company/edison-investment-research 
   Twitter           www.twitter.com/Edison_Inv_Res 
   YouTube       www.youtube.com/edisonitv

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCLLFLSEAILFIT

(END) Dow Jones Newswires

May 21, 2018 10:22 ET (14:22 GMT)

Ct Global Managed Portfo... (LSE:CMPG)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Ct Global Managed Portfo... Charts.
Ct Global Managed Portfo... (LSE:CMPG)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Ct Global Managed Portfo... Charts.