Momentum Multi-Asset - Dividend Declaration

Momentum Multi-Asset Value Trust

16/11/2022 10:04

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221116:nRSP6289Ga&default-theme=true

RNS Number : 6289G  Momentum Multi-Asset Value Trust  16 November 2022

 

To:                          RNS

From:                    Momentum Multi-Asset Value Trust
plc

LEI:                         213800OQTUSRFDIL9L29

Date:                     16 November 2022

 

 

Announcement of Second Interim Dividend

Momentum Multi-Asset Value Trust plc, which seeks to apply a value lens to
identify the most compelling investment opportunities across a highly
diversified range of asset classes, has today declared a second interim
dividend in respect of the year ending 30 April 2023 of 1.80p per share, which
will be payable on 16 December 2022 to shareholders on the register on 25
November 2022, with an ex-dividend date of 24 November 2022.

It is the Board's intention, barring unforeseen circumstances, to at least
maintain the quarterly dividend rate of 1.80p per share for the year ending 30
April 2023. Given the outlook for inflation, it is very likely the fourth
interim dividend will be higher than 1.80p per share consistent with the
Board's intention to increase dividends by at least inflation over the longer
run.

Enquiries:

 Juniper Partners Limited, Company Secretary                   0131 378 0500

 Steve Hunter, Momentum Global Investment Management Limited   0151 906 2481
                                                               07470 478974

 Gary Moglione, Momentum Global Investment Management Limited  0151 906 2461
                                                               07469 852685

 Sally Walton, SEC Newgate (media enquiries)                   020 3757 6872
                                                               07961 463864

 

 

About Momentum Multi-Asset Value Trust plc

 

Momentum Multi-Asset Value Trust plc ("MAVT" or the "Company") is a UK
investment trust, listed on the London Stock Exchange with net assets of
£43.8 million (as at 31 October 2022).

 

MAVT is managed by Momentum Global Investment Management which has a boutique
culture and more than 20 years' experience in multi-asset and value investing.
The Company's management team employs a "refined value" bottom up, deeply
researched investment approach. Value investing is a process which is
traditionally applied to equity investment. MAVT's manager seeks to refine and
apply the value identification process across a highly diversified range of
asset classes, including global equities, credit and specialist assets (such
as property, infrastructure, financial investment vehicles, private equity and
music royalties), and defensive assets (such as gold), seeking the most
compelling investment opportunities wherever they can be found. Responsible
investment considerations also form an integral part of the investment
philosophy and ESG considerations are implemented throughout the investment
process.

 

Over a typical investment cycle of between 5 and 10 years, MAVT seeks to
achieve a total return of at least CPI plus 6% per annum after costs with low
volatility and aims to increase the dividends paid to shareholders at least in
line with inflation over the longer run.

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  DIVBFBMTMTMBBTT