5966808
CT Global Managed Portfolio Trust
AGM Presentation
Peter Hewitt
Director, Global Equities and Fund Manager September 2023
Investment Risks
The value of investments and any income from them can go down as well as up and investors may not get back the original amount invested.
The value of your investment is dependent on the supply and demand for the shares of the Investment Trust rather than its underlying assets. The value of your investment will not be the same as the value of the Investment Trust's underlying assets.
Gearing is used for investment purposes to obtain, increase or reduce exposure to an asset, index or investment. The use of gearing can enhance returns to investors in a rising market, but if the market falls the losses may be greater.
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CT Global Managed Portfolio Trust
Key attributes
Aim to be a Long Term Savings Vehicle for private individuals and trusts
- Use the capital structure of an investment company to customise returns for shareholders
- Conventional Investment Company structure with two separate portfolios - Income and Growth
- Clear objectives for both portfolios: Growth - capital returns only
Income - income growth/total return
- Transfer of Income between portfolios
- Conversion Facility
- Tight control of discounts
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Income Transfer Example
Income Transfer Example
Income
Income Pool
Pool
Investments of | ||
Income Pool | 100 | |
Dividends received | 4 | |
Pool Transfers: | ||
Dividends on growth pool | ||
1 | to Income pool | |
-1 | Capital transfer | |
to Growth pool | ||
Dividend paid to | ||
Income shareholders | -5 | |
NAV of Income | ||
Pool share class | 99 |
Growth
Growth Pool
Pool
Investments of | |
Growth Pool | 100 |
Dividends received | 1 |
-1 | |
1 | |
Dividend paid to | |
Growth shareholders | 0 |
NAV of Growth
Pool share class 101
Total Total
Opening
Investments 200
Dividends received | 5 |
Dividends paid | -5 |
Closing
Investments 200
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Conversion Facility
- Annually each October investors can switch between Growth and Income Portfolios at Net Asset Value
- Minimum and Maximum levels
- Costs kept to a minimum for the investor
- Facility proving increasingly popular
- Under current law, conversions are not treated as disposals for Capital Gains Tax purposes
- Over time circumstances for shareholders can change, the facility allows shareholders to change their investment preference between Growth and Income
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Disclaimer
CT Global Managed Portfolio Trust plc published this content on 04 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 October 2023 09:53:12 UTC.