Dividend Declaration

RNS Number : 7195B

Momentum Multi-Asset Value Trust

15 February 2022

 

Momentum Multi-Asset Value Trust plc

To:  RNS

From:                     Momentum Multi-Asset Value Trust plc

LEI:  213800OQTUSRFDIL9L29

Date:  15 February 2022

Announcement of Third 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 third interim dividend in respect of the year ending 30 April 2022 of 1.68p per Ordinary 25p share, which will be payable on 18 March 2022 to Ordinary shareholders on the register on 25 February 2022, with an ex-dividend date of 24 February 2022.

It is the Board's intention, barring unforeseen circumstances, that it will increase the fourth interim dividend from the 1.68p per share rate paid last year, which is expected to be announced in mid-May 2022. This is intended to be consistent with the Board's intention to increase dividends by at least inflation over time, and it considers five-year rolling periods as a reasonable time frame over which to measure this.

Enquiries:

Juniper Partners Limited, Company Secretary   0131 378 0500

Lucy Dolan, Momentum Global Investment Management Limited                 0151 906 2479 

   07484 116526

Gary Moglione, Momentum Global Investment Management Limited          0151 906 2461 

   07469 852685

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

   07961 463 864

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 £60.5m (as at 31 January 2022). The Company was previously known as Seneca Global Income & Growth Trust plc.

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.

 

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