QuotedData
Progressive dividend from investment in environmental infrastructure assets. 
Author: admin (Page 43 of 310)
Thursday 24 July
Aberdeen Asian Income Fund Ltd ex-dividend date
Bankers Investment Trust PLC ex-dividend date
BlackRock Income & Growth Investment Trust PLC ex-dividend date
City of London Investment Trust PLC ex-dividend date
Foresight Solar Fund Ltd ex-dividend date
Henderson Far East Income Ltd ex-dividend date
International Biotechnology Trust PLC ex-dividend date
Invesco Global Equity Income Trust PLC ex-dividend date
JPMorgan Claverhouse Investment Trust PLC ex-dividend date
Supermarket Income REIT PLC ex-dividend date
Apax Global Alpha Limited (“AGA”)
by
Janus Bidco Limited (“Bidco”)
a newly-formed Guernsey limited company indirectly owned by an investment vehicle to be advised by Apax Partners LLP (“Apax”)
to be effected by means of a Court-sanctioned scheme of arrangement under Part VIII of the Companies (Guernsey) Law, 2008, as amended
Summary
· The boards of Bidco and AGA are pleased to announce that they have agreed the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of AGA by Bidco (the “Acquisition“).
· Bidco shall be equity funded by one or more funds, accounts or persons managed, advised or sub-advised by Ares Management LLC and/or its Affiliates (“Ares“).
· The Acquisition is intended to be effected by means of a Court-sanctioned scheme of arrangement under Part VIII of the Companies Law.
Cash Offer
· Under the terms of the Acquisition, which shall be subject to the Conditions and further terms set out in Appendix I to this Announcement and to the full terms and conditions that will be set out in the Scheme Document, each Scheme Shareholder shall be entitled to receive:
for each Scheme Share: €1.90 in cash (the “Cash Offer”)
· The Cash Offer represents:
o a premium of approximately 18.8 per cent. to the closing price per AGA Share of 138.6 pence on 18 July 2025 (being the last Business Day prior to the commencement of the Offer Period);
o a premium of approximately 30.6 per cent. to the volume weighted average price per AGA Share of 126.1 pence for the one-month period ended 18 July 2025 (being the last Business Day prior to the commencement of the Offer Period);
o a premium of approximately 36.5 per cent. to the volume weighted average price per AGA Share of 120.6 pence for the three-month period ended 18 July 2025 (being the last Business Day prior to the commencement of the Offer Period); and
o a discount of approximately 17.1 per cent. to AGA’s preliminary unaudited Q2 2025 net asset value (“NAV“) per AGA Share of €2.29,
in each case, where applicable, based on the Announcement Exchange Rate.
· The Cash Offer represents a price of £1.65 per Scheme Share, based on the Announcement Exchange Rate, and values the entire issued and to be issued ordinary share capital of AGA at approximately EUR 916.5 million (approximately £794.5 million) on a fully diluted basis.
APAX will leave the Watch List after the next update.
I’ve bought for the Snowball 254 shares in QYLP > Global X Nasdaq 100 Covered Call UCITS ETF for 3k
One way of learning more about a share is to have a financial interest in it.
Let’s monitor the progress and either add to or not as the dividends roll in.
If the market crashes it will have to be sold. High risk as the chart below shows.
I’ve sold the Snowball shares in TG26 for a loss of £13.00, which includes a £10 buying cost and £5 sales charge.
I’ve booked a ‘profit’ of £300.00 with SDIP, current profit for the share
£1,138,22 of which dividends are £747.62
Cash to re-invest £3,151.39
Sustainability & Risks
- QYLP’s payout ratio is over 280%, meaning it pays out more than it earns—typical for covered call strategies but worth watching.
- Its price performance has dipped ~9.3% over the past year, reflecting the trade-off between income and growth.
- The ETF uses synthetic replication and tracks the CBOE NASDAQ-100 BuyWrite V2 UCITS Index, which limits capital appreciation.
💡 What to Consider
- Covered call ETFs like QYLP are income-focused, not growth-oriented.
- They perform best in sideways or mildly bullish markets.
- If you’re seeking monthly cash flow, QYLP is solid—but if you want some upside potential, JEPI or JEPQ might offer a better balance.
The Snowball currently has 2k invested in a rainy day fund. As it’s doubtful, unless there is any corporate action that I will add to the fund, I am going to re-invest-it this week, most probably into a higher risk ETF.
- 18 July 2025
- QuotedData
- James Carthew
Inflation is creeping back up again. The annual rate of inflation as measured by the Consumer Price Index (CPI) is now 3.6% or, to look at it another way, prices are almost 28% higher than they were five years ago. If we were using the old RPI measure, those figures would be 4.4% and 38%. According to the Office for National Statistics (ONS), average UK total weekly earnings have grown a little ahead of CPI and a little behind RPI over the past five years; no doubt many of us are feeling a bit poorer.
If you are an investor reliant on income from your portfolio, you might be even more concerned.
The table shows investment companies with an income objective that have grown their dividends faster than CPI inflation over the past five years. There are not as many of them as I would like, but they are a diverse bunch.
Unfortunately, only three of 18 UK equity income trusts have grown their dividends faster than CPI over the past five years. Those three are JPMorgan Claverhouse, Law Debenture, and Chelverton UK Dividend. On the whole, trusts did do a good job of at least maintaining their dividends through the COVID period. The ability to dip into revenue reserves worked to their advantage. However, boards have been keen to ensure that dividends are covered by revenue earnings once again and this has held back dividend growth across the sector.
Law Debenture has the advantage of owning a growing professional services business, which helps supplement its income and gives the manager the freedom to invest in some lower yielding companies with faster than average dividend growth.
Chelverton UK Dividend has a bias to smaller companies, which makes its portfolio a bit different to most of the competition. JPMorgan Claverhouse has a more traditional large cap UK equity income portfolio. It has made inflation-matching dividend increases part of its objective, but it is not seeing corresponding growth in revenue per share and is dipping into revenue reserves to achieve this.
The dividend growth numbers for global trusts are pretty good. Top of the pile are two trusts – Invesco Global Equity Income and JPMorgan Global Growth and Income – that pay out a percentage of NAV rather than trying to cover dividends from net revenue. STS Global Growth and Income and Scottish American also managed to outpace inflation.
In Asia, Aberdeen Asian Income Fund has managed to deliver 9.3% per annum dividend growth and the equivalent figure for Invesco Asia Dragon is 17.4%. However, in both cases these figures reflect a shift of approach from paying dividends covered by revenue to topping up dividends from capital reserves.
This shift to paying enhanced dividends also accounts for the presence of many other trusts in the table. The policy has been particularly popular within the JPMorgan stable of investment companies, for example. It also means that a much wider range of investment remits can now be accessed through dividend paying vehicles, including private equity and biotech.
Of the renewable energy infrastructure trusts, NextEnergy Solar Fund, SDCL Energy Efficiency Income, and Greencoat UK Wind have managed to generate decent dividend growth. Unfortunately, that has not helped narrow their discounts, which remain unjustifiably wide. For NextEnergy and Greencoat it helps that a good chunk of their revenue comes in the form of index-linked subsidies. That inflation linkage is to RPI. Given that, investors might reasonably wonder why other similar trusts do not feature in this table.
Another sector that often draws attention to its predictable inflation-linked revenues is infrastructure. Here, however, only 3i Infrastructure makes the grade and it is an exception to this rule. Its policy of taking on exposure to assets with some demand or market risk has paid off.
However, utility and infrastructure assets are a good source of income and the two trusts that invest predominantly in listed companies in this sector – Ecofin Global Utilities & Infrastructure and Utilico Emerging Markets both feature on the list.
Lastly, the rising interest rates that created headwinds to dividend growth in many sectors over the past five years have been a boon for debt funds. TwentyFour Income Fund, CVC Income & Growth sterling shares, and M&G Credit Income have produced some of the highest dividend increases and have done so from growing revenue.
£15k invested in these dividend shares could yield an enormous second income!
With dividend yields near double-digit percentages, I think these UK shares could be great ways to target a second income.
Posted by Royston Wild
Published 21 July
BSIF
TW.
When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.
Investing in a broad range of stocks can be a great way to target a long-term second income. History shows that holding dividend shares spanning different sectors and geographies can reduce risk and provide a stable return over time.
Here are two high-yield dividend stocks that could help diversify an investor’s portfolio:
Dividend share Sector Dividend yield
Taylor Wimpey (LSE:TW) Housebuilding 8.6%
Bluefield Solar Income Fund (LSE:BSIF) Renewable energy 9%
As you can see, the prospective yields on these stocks smash the broader average for FTSE 100 and FTSE 250 shares (both at 3.4%). Dividends are never guaranteed, but if broker forecasts are accurate, a £15,000 lump sum invested equally across them would produce a £1,320 passive income this year alone.
Here’s why I think both shares are worth considering.
Taylor Wimpey
Latest trading numbers from Barratt Redrow have reminded investors of the ongoing perils facing the housebuilders.
On Tuesday (15 July), it said completions were a disappointing 16,565 last year, missing a targeted 16,800-17,200. This was due to “consumer caution and mortgage rates not falling as quickly as hoped“, the Footsie company noted.
Conditions may remain tough as the UK economy splutters. But I’m confident Taylor Wimpey’s industry-leading balance sheet means it should still at least be able to continue paying large dividends.
It remains highly cash generative, and ended 2024 with more than half a billion pounds (£564.8m) in net cash.
That’s not to say I believe Taylor Wimpey’s recent sales revival is about to run out of steam, though. Its order book — which rose to 8,153 homes as of 27 April from 7,742 a year earlier — could continue building as interest rates seemingly have further to fall.
I’m certainly expecting the FTSE 100 share to perform strongly over the long term, helped by intensifying mortgage market competition and planned changes to home loan regulations. These include allowing lenders to offer more mortgages based on more than 4.5 times a homebuyer’s annual income.
This measure alone could help a further 36,000 first-time buyers get onto the property ladder. As the UK’s population steadily grows, I’m optimistic housebuilders like this will remain excellent dividend payers.
Bluefield Solar Income Fund
Bluefield Solar also stands to gain from falling interest rates that reduce borrowing costs and boost asset values. But like Taylor Wimpey, renewable energy stocks like this also face other dangers over the next year.
In this case, the costs to build green energy projects are rising, casting doubts over their future profitability and plans for expansion. But on balance, I think this FTSE 250 investment trust is another great dividend share to consider.
By focusing on energy-generating assets, it can expect earnings to remain stable over time, underpinned by the stable nature of energy demand. This is especially attractive today, with trade tariffs threatening to throw the global economy (and with it profits for many UK shares) off the rails.
A reason why I like Bluefield Solar specifically is its strategy of investing mostly in Britain, where government policy is especially supportive of the renewable energy sector. Over the long term, I expect dividends here to rise strongly along with earnings, driven by growing demand for greener power sources.
Stunning 26.8% annual returns! Here are 3 ETFs I’ve bought to supercharge my SIPP
I expect these exchange-traded funds (ETFs) to give my Self-Invested Personal Pension (SIPP) a significant boost in the coming decades.
Posted by Royston Wild
Published 21 July
When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.
Exchange-traded funds (ETFs) can be excellent ways to target long-term returns. They allow individuals to diversify their portfolios for risk management, while keeping the door open for substantial wealth creation.
I’ve been loading my own Self-Invested Personal Pension (SIPP) with ETFs recently. The following three have allowed me to spread risk, and if their past performances turn out to be an accurate guide, they could give me an average 26.8% annual return over the next decade.
Low-cost US share exposure
The HSBC S&P 500 ETF (LSE:HSPX) is about as straightforward as these funds come. It tracks the performance of the US leading index of 500 shares, of which there are currently many on the market.
What attracted me to this one is that has one of the lowest ongoing charges out there, at 0.09%.
Why invest in the S&P 500 though? Well, it provides exposure to some of the largest and best companies on the planet, ones with strong records of innovation, deep pockets, and loyal customer bases across the globe. We’re talking about microchip manufacturer Nvidia, for example, which just made history as the world’s first $4trn company.
Since its launch in June 2022, this fund’s delivered an average annual return of 19.5%. Future returns could be compromised if the recent investor rotation away from US shares and into global equities continues. But I remain confident.
Riding the digital defence boom
The L&G Cyber Security ETF (LSE:ISPY) is a thematic fund rather than a bog-standard index tracker. Its goal is to harness the growth potential of tech shares “that generate a material proportion of their revenues from the cyber security industry“.
These range from hardware and software creators that protect files, websites, and networks from online attacks, to service providers that deliver consulting and other security-related services.
This fund has room for considerable growth as the digital revolution rolls on and the number of online threats increases. Allied Market Research thinks the world’s cybersecurity sector will expand at an annualised rate of 10.4% in the decade to 2033.
Returns may disappoint during economic downturns when tech firms tend to cut spending. But the long-term potential is considerable — it’s delivered an average annual return of 12.1% since its launch in September 2015.
48.7% returns
The HANetf Future of Defence (LSE:NATP) was launched in July 2023 to capitalise on booming demand for defence shares. So far it’s delivered beyond all reasonable expectations, providing an average annual return of 48.7% since then.
Since Russia’s invasion of Ukraine in 2022, countries have turbocharged weapons spending amid rising geopolitical and military threats. Defence sector profits have swelled, a trend that I’m expecting to continue.
Like most thematic defence funds, this product includes the usual blue-chip suspects like BAE Systems, Palantir, and Safran. But it also contains cybersecurity stocks including Palo Alto and CrowdStrike, reflecting the changing nature of warfare.
Future returns could disappoint if geopolitical tensions ease. But given the current direction of travel, this looks an unlikely scenario in my book.
