ABERFORTH SPLIT LEVEL INCOME TRUST PLC (LON:ASIT)

Financial

UK-based Aberforth Split Level Income Trust plc is a closed-ended and split capital investment company. It was launched 3 July 2017, and has a planned winding up date of 1 July 2024. There are two classes of shares in the split capital investment trust, which are Ordinary Shares and Zero Dividend Preference (ZDP) Shares. Both of these share classes are listed and traded on the London Stock Exchange. The investment objective of the trust is to create a diversified portfolio of high quality assets, and provide its ordinary shareholders with the maximum risk-adjusted income growth as well as capital growth. For the ZDP Shareholders, its objective is to provide them with a pre-determined final capital entitlement of 127.25p on the winding up date which is planned as of 1 July 2024.

The investment objective of the trust is planned to be achieved by investing in securities of companies that already are or would become a part of the Numis Smaller Companies Index (Excluding Investment Companies). The companies that have a market capitalisation of £1.5 billion as on 1 January 2021, which is the date of the last annual index rebalance, form the upper limit to the Numis Smaller Companies Index. This limit may be subject to changes due to fluctuations in the stock market. The diversified portfolio of the trust comprises of around 50 to 100 distinct companies.

The investment approach followed by the trust will fundamentally include regular contact with the management of potential and prevailing investments, along with meticulous financial analysis of the companies. On the basis of this analysis, the investments are made in companies which have the potential to offer maximum returns in a given stock market environment. The company follows a set framework of corporate governance and is a member of Association of Investment Companies. It complies with the 2019 AIC Code of corporate governance which addresses all the principles of the UK Corporate Governance Code 2018. It strives to promote the culture of integrity and accountability and upholds its commitment towards financial transparency. Apart from fulfilling its corporate responsibilities, the company also tries to fulfil its social as well as environmental responsibilities. Even though the investment activities of the company have no direct impact on climate change, still it gives importance to sustainability, and takes it into account while formulating all investment decisions.

The alternative investment fund manager of the trust is Aberforth Partners LLP, which is authorised and regulated by the UK’s Financial Conduct Authority in the UK. Its headquarters are situated in Edinburgh. It provides the investors with high level resources, which majorly focus on small UK quoted companies. It complies with the UK Stewardship Code.

Contact Information

company address 14 Melville Street EDINBURGH EH3 7NS United Kingdom GBR

company websitehttps://www.aberforth.co.uk/

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