Momentum Multi-Asset Value Trust plc
From: Momentum Multi-Asset Value Trust plc
Date: 17 November 2021
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 2022 of 1.68p per Ordinary 25p share, which will be payable on 17 December 2021 to Ordinary shareholders on the register on 26 November 2021, with an ex-dividend date of 25 November 2021.
It is the Board's intention, barring unforeseen circumstances, that it will at least maintain the quarterly dividend rate of 1.68p per share for the full year to 30 April 2022. It remains the Board's intention to increase the dividend at least in line with inflation over the medium term.
Juniper Partners Limited, Company Secretary 0131 378 0500
Lucy Dolan, Momentum Global Investment Management Ltd 0151 906 2479
Mobile 07484 116526
Gary Moglione, Momentum Global Investment Management Ltd 0151 906 2461
Mobile 07469 852685
About Momentum Multi-Asset Value Trust plc
Momentum Multi-Asset Value Trust plc ("MAVT" or the "Trust") is a UK investment trust, listed on the London Stock Exchange with a market capitalisation of £62.6m (as at 16 November 2021). The Trust 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 Trust'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. MAVT is a high conviction portfolio, typically comprising approximately 60 holdings across the range of asset classes.
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.