Mercantile Investment Trust Plc (LON:MRC)


Mercantile Investment Trust Plc is a UK-based investment trust company with an aim to achieve long-term capital and dividend growth at least in line with inflation from a portfolio of UK small and medium companies. The company objective is to generate higher return than its benchmark the FTSE All-Share Index, excluding constituents of the FTSE 100 Index and Investment trusts, with net dividends reinvested. The company invests across a wide range of sectors that include Consumer Discretionary, Industrials, Financials, Technology, Consumer Staples, Basic Materials, Healthcare, Energy, Telecommunications, Real Estate and Utilities.  The company is listed on the London Stock Exchange as LON: MRC and is a constituent of FTSE 250 Index.

The company has appointed JP Morgan Funds Limited as its Alternative Investment Fund Manager. To achieve its objective and to diversify its portfolio the company do not invest over 8% of its total asset of any single assets and only holds five positions of up to 8%, totaling no more than 40% of its gross assets. Up to 3% of gross assets may be held in any one investment.

To enhance the potential returns to shareholders gearing may be used by the company within a range of 10% net cash to 20% geared. Further, it can’t invest over 15% of its gross assets in other listed closed-ended investment funds and no more than 10% of assets can be invested in companies that themselves may invest over 15% of gross assets in UK listed investment companies.

Contact Information

company address 60 Victoria Embankment EC4Y 0JP United Kingdom

company phone+44.80.07311111

company website

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