Aberforth Split Level Income Trust plc

General Information

The Trust's aims and objective, announcements, corporate calendar and company codes

Introduction

Aberforth Split Level Income Trust plc was launched, and received its listing on the London Stock Exchange, on 3 July 2017. It is a split capital investment trust with two classes of share - Ordinary Shares and Zero Dividend Preference (ZDP) Shares - both of which are traded on the London Stock Exchange.

The Trust has a planned winding up date of 1 July 2024.

Objective

The Trust’s investment objective is to provide Ordinary Shareholders with a high level of income, with the potential for income and capital growth, and to provide ZDP Shareholders with a pre-determined final capital entitlement of 127.25p on the planned winding up date of 1 July 2024.

Policy

The Trust aims to achieve its objective by investing in securities of companies that are or that would be constituents of the Numis Smaller Companies Index (Excluding Investment Companies). The upper limit to this index was companies with a market capitalisation of £1.5bn as at 1 January 2021 (the date of the last annual index rebalance). This market capitalisation limit will change owing to movements in the stockmarket. The portfolio is diversified and will normally consist of investments in between 50 and 100 individual companies.

In seeking investments the approach will be fundamental in nature involving regular contact with the management of prospective and existing investments in conjunction with rigorous financial analysis of these companies. The emphasis within the portfolio will reflect the desire to invest in companies whose shares represent relatively attractive value within a given stockmarket environment.

Full details of the "Investment Policy" and "Investment Strategy" are set out in the latest Annual Report, which is available from the Literature Library.

Corporate Calendar

Rolling 12 Months
Event Date
Annual General Meeting 28 October 2021
Second Interim Dividend pay date 27 August 2021
Dividend Reinvestment Plan: Final date for submission of Application Forms for Second Interim Dividend 20 August 2021
Annual Report available 4 August 2021
Annual Results announced 28 July 2021
First Interim Dividend pay date 9 March 2021
Dividend Reinvestment Plan: Final date for submission of Application Forms for First Interim Dividend 26 February 2021
Half-Yearly Report available 29 January 2021
Half-Yearly Results announced 25 January 2021

Announcements

Company & Security Codes

Company Codes and Identifiers
Identifier Code
GIIN JM0CLZ.99999.SL.826
LEI 21380013QYWO82NZV529
Security Codes and Identifiers
Identifier Ordinary Shares ZDP Shares
SEDOL BYPBD39 BYPBD51
ISIN GB00BYPBD394 GB00BYPBD519
Bloomberg ASIT LN ASIZ LN
Reuters ASITA.L ASIZ.L
TIDM ASIT ASIZ

Company Details

Aberforth Split Level Income Trust plc is a company registered in England & Wales (registered number 10730910) and its registered office address is Level 13, Broadgate Tower, 20 Primrose Street, London EC2A 2EW. It has its principal place of business at 14 Melville Street, Edinburgh EH3 7NS.

The Trust is an investment trust under section 1158 of the Corporation Tax Act 2010 and is an investment company as defined by section 833 of the Companies Act 2006.

Retail Distribution

The Trust currently conducts its affairs, and intends to continue to conduct its affairs, so that its Ordinary Shares and Zero Dividend Preference Shares can be recommended by Independent Financial Advisers (IFAs) to ordinary retail investors in accordance with the rules of the Financial Conduct Authority (FCA) in relation to non-mainstream pooled investment products.

The Trust’s Ordinary Shares and Zero Dividend Preference Shares are excluded from the FCA’s restrictions that apply to non-mainstream pooled investment products because they are shares in an investment trust.

ISA Approved

The Trust's Ordinary Shares and Zero Dividend Preference Shares are both eligible for inclusion in a Stocks and Shares ISA (Individual Savings Account).

Association of Investment Companies

The Trust is a member of The Association of Investment Companies (AIC).