City Merchants High Yield Trust Limited is a closed-ended fixed income mutual fund launched and managed by Invesco Fund Managers Limited. It is co-managed by INVESCO Asset Management Limited. The fund invests in fixed income markets across the globe. It primarily invests in high yield fixed income securities including preference shares, convertible and redeemable loan stocks, corporate bonds, and government bonds. The fund seeks to invest in non-investment grade securities across the maturity spectrum. It benchmarks the performance of its portfolio against the FTSE All-Share Index and FTSE Government Securities - All Stocks Index. The fund was formerly known as Exeter Selective Assets Invest...
30 Finsbury Square
London, EC2A 1AG
Founded in 1991
City Merchants High Yield Trust Limited Declares 1st Interim Dividend for the Year Ended 31 December 2015, Payable on 22 May 2015
Apr 13 15
The Directors of the City Merchants High Yield Trust Limited announced the 1st interim dividend, in respect of the year ended 31 December 2015, of 2.5 pence per ordinary share. This dividend will be paid on 22 May 2015, to shareholders on the register on 24 April 2015. The shares will be marked ex-dividend on 23 April 2015. The Board continues to target total dividends of 10 pence for the current year.
City Merchants High Yield Trust Limited Reports Earnings Results for the Year Ended December 31, 2014
Apr 2 15
City Merchants High Yield Trust Limited reported earnings results for the year ended December 31, 2014. For the period, the company reported income of GBP 8,922,000 compared to GBP 8,686,000 a year ago. Profit before finance costs and taxation of GBP 7,093,000 compared to GBP 16,740,000 a year ago. Profit before tax was GBP 7,812,000 compared to GBP 16,696,000 a year ago. Profit after tax was GBP 6,935,000 compared to GBP 16,621,000 a year ago. Return per ordinary share was 9.0 pence compared to 22.8 pence a year ago. Net cash flows used in operating activities was GBP 4,963,000 compared to net cash from operating activities of GBP 9,659,000 a year ago.
City Merchants High Yield Trust Limited, Annual General Meeting, Jun 25, 2015
Apr 2 15
City Merchants High Yield Trust Limited, Annual General Meeting, Jun 25, 2015., at 10:30 GMT Standard Time. Location: offices of R&H Fund Services (Jersey) Limited. Agenda: To renew the authority to buy back up to 14.99% of the company's issued ordinary shares; and to consider the special resolution 6 that enables the company to call general meetings (other than AGMs) on 14 days' notice.