REG - European Assets Tst - Quarterly dividend announcement

European Assets TrustAnnouncement

27/03/2025 07:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250327:nRSa3712Ca&default-theme=true

RNS Number : 3712C  European Assets Trust PLC  27 March 2025

 

 

To:                          RNS

From:                    European Assets Trust PLC

Date:                     27 March 2025

LEI:                         213800N61H8P3Z4I8726

 

 

Second Quarterly Dividend

 

European Assets Trust PLC ("the Company") announces its second quarterly
dividend payment under its policy of paying out annually, in equal quarterly
payments, six per cent of the Company's net asset value at its preceding 31
December financial year end.

 

A dividend of 1.38 pence per share will be paid on 30 April 2025 to
shareholders on the register on 4 April 2025, having an ex-dividend date of 3
April 2025.

 

The full 2025 dividend schedule is set out below.

 

 2025   Pence per share     Ex-Dividend Date    Record Date         Pay date
 Q1     1.38                16 January 2025     17 January 2025     31 January 2025
 Q2     1.38                3 April 2025        4 April 2025        30 April 2025
 Q3     1.38                Dividend not yet declared               31 July 2025
 Q4     1.38                Dividend not yet declared               31 October 2025
 Total  5.52 = six per cent of the 31 December 2024 year end net asset value

 

6.6 per cent share price yield

 

An annual dividend of 5.52 pence per share represents a yield of 6.6 per cent
calculated with reference to the Company's closing share price of 83.50 pence
as at 26 March 2025, being the latest practicable date prior to publication of
this announcement.

 

 

Enquiries:

 

Scott McEllen

Columbia Threadneedle Investment Business Limited
         Tel:  0131 573 8300

 

Alex Collins and Tom Scrivens

Panmure Liberum Limited - Corporate Broker and

Financial
Adviser
Tel: 020 3100 2000

 

 

About European Assets Trust PLC

 

The Company's Investment Objective is to achieve growth of capital through
investment in quoted small and medium sized companies in Europe, excluding the
United Kingdom. The Company's benchmark is the MSCI Europe Ex UK SMID Cap
Index. The portfolio has a quality growth bias and typically holds 50-70
investments.

 

The Company has in place a high distribution policy of six per cent of the
Company's net asset value at its preceding 31 December financial year end,
with dividends paid out of current year revenue profits and the capital gains
Distributable Reserve.  The Company's portfolio is therefore managed on a
total return basis.

 

The Company has been managed by Columbia Threadneedle Investment Business
Limited and its predecessors since its creation in 1972. The Lead Investment
Manager is Mine Tezgul, Head of Pan European Small Cap Equities at Columbia
Threadneedle Investments. She is assisted by Philip Dicken, Head of European
Equities and Head of International Equities at Columbia Threadneedle
Investments.

 

For more information, including the Company's monthly factsheet, visit the
website

www. europeanassets.co.uk

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DIVJFMRTMTMTBIA