REG - Momentum Multi-Asset - Dividend Declaration

Momentum Multi-Asset Value TrustAnnouncement

24/05/2022 07:16

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RNS Number : 5121M  Momentum Multi-Asset Value Trust  24 May 2022

 

To:                          RNS

From:                    Momentum Multi-Asset Value Trust
plc

LEI:                         213800OQTUSRFDIL9L29

Date:                     24 May 2022

 

 

Announcement of Fourth 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 fourth interim
dividend in respect of the year ended 30 April 2022 of 2.16p per share, which
will be payable on 20 June 2022 to shareholders on the register on 6 June
2022, with an ex-dividend date of 1 June 2022.

The increase in the fourth interim dividend to 2.16p per share represents a
total increase in dividends for the financial year to 30 April 2022 of 7.1%
compared to the previous year (7.20p per share v 6.72p per share). The Board
has previously made clear its intention to increase dividends by at least
inflation over a typical investment cycle. The total dividend of 7.20p per
share for the year represents an increase of 17.3% over five years which
compares to inflation of 16.6% over the same period, as measured by the CPI.

It is the Board's intention, barring unforeseen circumstances, to at least
maintain the aggregate dividends for the year to 30 April 2023 at 7.20p per
share, meaning a quarterly rate of 1.80p per share. Given the outlook for
inflation, it is very likely the fourth interim dividend next year 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
£57.7 million (as at 30 April 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.

 

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