U have 100k to invest in the market and in ten years time u want to use your capital to provide an income and leave the capital to your family.

Straightaway that rules out an annuity.

Option one.

Invest in a portfolio of dividend paying shares, currently yielding 8% and compound for ten years at 8% a ‘pension’ of 16k pa. The total depends on being able to re-invest at 8% but although the total is not in doubt it might take longer by a couple of years.

Option two.

Use the 4% rule. U sell shares every year to withdraw 16k in January when u keep everything crossed that there has been a Santa Rally. One certainty is that after u start selling shares there may be a market crash, so the perceived wisdom is to have a cash fund of 3 years ‘pension.’

Total of your portfolio would need to be 450k, GL with that. One fact is that if u intend to use the 4% rule and invest in World Trackers the perceived wisdom is they will grow by around 7% but not in a straight line as they have long periods of going sideways. After ten years your 100k could be worth 200k. If u have longer u need to DYOR.

HENDERSON HIGH INCOME TRUST PLC

PAYMENT OF SECOND INTERIM DIVIDEND

Henderson High Income Trust plc announces that a second interim dividend of 2.625p per ordinary share of 5p, in respect of the year ending 31 December 2024, will be paid on 26 July 2024 to holders registered at the close of business on 14 June 2024. This dividend is to be paid from the Company’s revenue account. The Company’s shares will go ex-dividend on 13 June 2024.

abrdn Property Income Trust Limited

(a non-cellular company limited by shares incorporated in Guernsey with registration number 41352)

Publication of Circular and Notice of General Meeting

Further to abrdn Property Income Trust Limited’s (“API” or the “Company“) previous announcements and as set out in the recently published Annual Report and Accounts for the financial year ended 31 December 2023, the Board of API announces that a circular (“Circular“) to convene a general meeting of API Shareholders (the “General Meeting“) will be published today and sent to API Shareholders to allow them to consider and, if thought fit, approve a change to API’s investment policy in order to implement a Managed Wind-Down.

Under the proposed Managed Wind-Down process, the Company will be managed with the intention of realising all of the assets in its portfolio in an orderly manner, with a view to repaying borrowings and making timely returns of capital to Shareholders whilst aiming to obtain the best achievable value for the Company’s assets at the time of their realisations. Pursuant to its comprehensive review of API’s strategic options, the Board believes that a Managed Wind-Down is now the best means of maximising value for API Shareholders, given the challenges API would continue to face as a standalone company and the potential to dispose of API’s assets in the direct property market at higher values than those implied by API’s share price.

The required change to API’s investment policy is conditional on the approval of API’s Shareholders. To approve the change in investment policy, shareholders who together represent a majority of the API shares voted at the General Meeting (whether in person or by proxy) must vote to approve the resolution put to the General Meeting. API Shareholders should read the whole of the Circular, in particular, the letter from the Chair, which contains the unanimous recommendation from the API Board that API Shareholders vote in favour of the changes to the Company’s investment policy.

While the timeline for disposals will depend on the market environment, realisation of all of the Company’s assets and the return of proceeds to API Shareholders is expected to take place over an 18-36 month period, assuming assets are realised as sales of individual assets or groups of assets, rather than via a sale of the whole portfolio, which is also a possibility.

At an appropriate point in the Managed Wind-Down process, API will seek Shareholders’ approval to appoint a liquidator to wind up the Company and to cancel the Company’s admission to trading on the Main Market of the London Stock Exchange. Trading in API Shares will no longer be possible from that time.

James Clifton-Brown, Chair of API, said:

“API has consistently sought to invest in good quality assets that produce an attractive level of income and which also have the prospect of income and capital growth, resulting in an attractive portfolio and consistent outperformance against the benchmark at the property level.

Nevertheless, API, along with other REITs and diversified investment trusts, continues to contend with the significant challenges facing the real estate sector which in API’s case are compounded by the relatively small scale of the Company, resulting in a sustained and substantial trading discount to net asset value, low share liquidity and a concentrated debt structure.

Pursuant to its comprehensive review of API’s strategic options, and consistent with its previous announcements, the Board believes that a Managed Wind-Down is now the best means of maximising value and unanimously recommends that API shareholders vote in favour of the proposed change to API’s investment policy at the forthcoming General Meeting.”

IF u want to earn passive income there are two important things to monitor.

The yield and how secure the future yield is. Unless the dividend or the fcasts change, a strong hold for the portfolio.

IF the price rises and the NAV narrows u may be able to take some profit and re-invest in a higher yielder.

If u can compound the dividend at 8%, u will achieve the holy grail of investing of having an IT in your portfolio that provides income at a cost of zero, nada, zilch.

Trying to go higher but still very trying. Dividend paid this week so there may be some re-investment into the Trust.

Current yield 8%

Discount to NAV 17%

From small streams, mighty rivers do flow
By following these steps, I have worked towards building a stream of passive income that can support my financial goals, whether it’s for retirement, additional income, or fulfilling other personal aspirations.

The Motley Fool

by Kate Leaman

I believe that creating a passive income stream through investing can be a smart way to build wealth over time. Here’s my five-step guide that helped me achieve this goal.

1. Understand the basics of the Footsie and stock market investing
   Gaining a basic understanding of the FTSE 100 and stock market mechanics is key before investing. The Footsie includes 100 major companies on the London Stock Exchange, some offering dividends from profits. It’s vital to keep abreast of each stock’s fundamentals and dividend schedules for potential yield and growth.

2. Open a tax-efficient investment account
   In the UK, I’ve found that a Stocks and Shares Individual Savings Account (ISA) is a great vehicle for tax-efficient investing. Any gains made within an ISA, including dividends, are not subject to tax. This means I can reinvest my full dividend earnings, enhancing the potential for compound growth. It’s important to understand the annual limits and rules for ISAs to make the most of this tax advantage.
   Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice. Readers are responsible for carrying out their own due diligence and for obtaining professional advice before making any investment decisions.
3. Start by investing in high-dividend yield stocks
   I begin by investing in companies within the FTSE 100 that have a history of paying high dividends. I research companies that have consistently paid and increased their dividends over the years. This consistency is key to creating a reliable second income stream. Remember, investing in a diverse range of sectors can help mitigate risks.

Some of the top dividend payers in the Footsie that I’m active with include:

Shell: Shell is known for its consistent and high dividend payouts.
British American Tobacco: this multinational tobacco company has a long history of paying substantial dividends to its shareholders.
GSK: GSK has been a reliable payer of dividends, thanks to its strong pharmaceutical and consumer health business.
HSBC Holdings: HSBC is known for its significant dividend payments.
BP: another major player in the energy sector, BP has historically provided high dividend yields.
AstraZeneca: a global, science-led biopharmaceutical business that has been consistently paying dividends.

4. I reinvest my dividends for compound growth
   The power of compounding cannot be overstated. Instead of spending the dividends I receive, I reinvest them to purchase more shares. This increases the number of shares I own, potentially increasing my future dividend income. Over time, this reinvestment strategy can lead to exponential growth in my investment portfolio and, consequently, my passive income.

5. I monitor and adjust my portfolio regularly
   Investing is not a ‘set and forget’ process. I regularly review my portfolio to ensure it aligns with my income goals and risk tolerance. I’m aware of market changes, and I consider rebalancing my portfolio if certain stocks or sectors become too dominant. This will help in managing risk and keeping my investment strategy on track.

Bluefield Solar Income Fund Limited

Unaudited NAV and Second Interim Dividend

Bluefield Solar (LON: BSIF), the London listed UK income fund focused primarily on acquiring and managing solar energy assets, announces its net asset value (‘NAV’) as at 31 March 2024, and the Company’s second interim dividend for the current financial year, which ends on 30 June 2024. Unless otherwise noted herein, the information provided in this announcement is unaudited.

Unaudited Net Asset Value as of 31 March 2024

The NAV as at 31 March 2024 was £815.7 million, or 133.9 pence per Ordinary Share (‘pps’), compared to the unaudited NAV of 136.0 pps as at 31 December 2023. This equates to a movement in the quarter of -1.5% and a NAV total return for the quarter of 0.07%.

The published power curves from the Company’s three leading independent power forecasters all showed lower price forecasts at 31 March 2024 for the near term compared to the previously published power curves. However, due to the fact Bluefield Solar has over 92% of power sales hedged for FY2024 and 81% through FY2025, the Company’s earnings are materially insulated from the impact of reductions in near term power prices, such that the downside impact was limited to 0.3 pps.

The decrease in operational updates reflects a slight revision to the cost of the Company’s Revolving Credit Facility as well as the minor impact of inflation being slightly below earlier assumptions.

The Company launched its share buyback programme following the release of the interim report on 28 February 2024 and repurchased 2.45 million shares during the period to 31 March 2024, providing an additional 0.1 pps of NAV accretion to shareholders.

The completion of Phase One of the Strategic Partnership with GLIL Infrastructure (‘GLIL’), an investment of £20 million of equity, alongside £200 million from GLIL, to fund the acquisition of a 247MW portfolio of UK solar assets, and movements in working capital all contributed to the 1.0 pps gain in the NAV over the quarter shown in the table above under Other movements.

Gearing

The Company’s UK holding companies and subsidiaries have total outstanding debt of £598 million, with a leverage level of circa 42% of Gross Asset Value (31 Dec 2023: 41%).

Second Interim Dividend

The Second Interim Dividend of 2.20 pence per Ordinary Share (May 2023: 2.10 pence per Ordinary Share) will be payable to Shareholders on the register as at 24 May 2024, with an associated ex-dividend date of 23 May 2024 and a payment date on or around 24 June 2024.

Dividend Guidance Reaffirmed

The Board is pleased to reaffirm its guidance of a full year dividend of not less than 8.80 pence per Ordinary Share for the financial year ending 30 June 2024 (2023: 8.60 pence). This is expected to be covered by earnings and to be post debt amortisation.

abrdn Equity Income Trust plc

Half Yearly Report 31 March 2024

Chair’s Statement

“Company earnings remain solid across the majority of our holdings, supporting confidence in the dependable nature of the dividend and income and capital growth during 2024”

Sarika Patel, Chair

Performance

In the six months ended 31 March 2024, the Company delivered an NAV total return of 1.6% compared to the total return of the FTSE All-Share Index of 6.9%. Over the period, the share price total return was -8.2%. As an asset class, UK equities struggled to keep up with other major equity markets, notably US equities. Whilst performance has been disappointing, the portfolio continues to deliver a  dependable income and  the Investment Manager has re-focused current positioning in the portfolio to stocks where he sees the potential for a combination of dividend yield, dividend growth and valuation re-rating. The Investment Manager’s Review provides a more detailed explanation of the drivers of this performance.

Revenue

Total income for the six months ended 31 March 2024 increased by 13.9% to £5.4 million, compared to £4.7 million for the same period last year. Management fees decreased by 21.9% compared to the same time last year. This was in part attributable to the reduction in the management fee to a flat fee of 0.55% per annum on net assets which the Board negotiated with the Manager and took effect on 1 October 2023 at the beginning of the period.

Administrative expenses were largely unchanged, meaning that overall costs charged to revenue were down 9.4% at £368k compared to £406k in 2023. The tax charge, which increased significantly from £57k last year to £447k in this reporting period, reflects an increase in withholding tax on overseas dividends, primarily in relation to South African-listed Thungela Resources. After interest costs and tax, net earnings increased by 6% to £4.3 million with revenue per share of 9.05 pence compared to 8.60 pence in 2023 for the same period. Typically, the Company earns between 30% and 40% of its total income for the year in the first six months and this year we are in the top half of that range. As a result, given the outlook for the balance of the financial year, the Board expects that the full year earnings will be sufficient to cover the proposed dividend.

Dividends

The Board declared its plans for the dividend for the current financial year in last year’s annual report and the proposed schedule is unchanged at this time. The Company currently intends to pay three interim dividends for the current year of 5.70 pence per share. The first interim dividend was paid to Shareholders on 28 March 2024.

The Board is declaring that the second interim dividend of 5.70 pence per share will be paid on 27 June 2024 to shareholders on the register on 24 May 2024 with an associated ex-dividend date of 23 May 2024. The fourth interim dividend will be determined towards the end of the Company’s financial year. The Board’s current expectation remains for a fourth interim dividend of at least 5.80 pence per share, making a total payment for the year of a minimum of 22.90 pence per share.

Based on the share price of 277.0p at 31 March 2024, this puts the Company on a dividend yield of 8.3%, amongst the highest of any investment trust invested in equities.

AEW UK REIT plc

NAV Update and Dividend Declaration

Share price and Discount

The closing ordinary share price at 31 March 2024 was 86.0p, a decrease of 14.85% compared with the share price of 101.0p at 31 December 2023. The closing share price represents a discount to the NAV per share of 16.29%. The Company’s share price total return, which includes the interim dividend of 2.00 pence per share for the period from 1 October 2023 to 31 December 2023, was -12.87% for the three-month period ended 31 March 2024.

Dividend

Dividend declaration

The Company today announces an interim dividend of 2.00 pence per share for the period from 1 January 2024 to 31 March 2024. The dividend payment will be made on 14 June 2024 to shareholders on the register as at 24 May 2024. The ex-dividend date will be 23 May 2024. The Company operates a Dividend Reinvestment Plan (“DRIP”), which is managed by its registrar, Link Group. For shareholders who wish to receive their dividend in the form of shares, the deadline to elect for the DRIP is 24 May 2024.

The dividend of 2.00 pence per share will be designated 2.00 pence per share as an interim property income distribution (“PID”).

The Company has now paid a 2.00 pence quarterly dividend for 34 consecutive quarters, providing high levels of income consistency to our shareholders.

I don’t know if it’s just me or if perhaps everybody else experiencing issues with your site. It looks like some of the text on your content are running off the screen. Can somebody else please provide feedback and let me know if this is also happening as well? vs eharmony to find love online 
This may be a issue with my web browser because I’ve had this happen previously.
Thank you

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