22nd Apr 2014 12:10
LONDON (Alliance News) - Hansa Trust PLC Tuesday said that it has revised its investment policy, the nature of its portfolio profile, and its dividend policy.
The company's investment policy is to invest in a portfolio of quoted and unquoted special situations, predominantly in UK equities, with the objective to achieve growth of shareholder value. It has also implemented its investment policy through its strategic stake in Ocean Wilsons Holdings Ltd.
However, Hansa Trust said that it is broadening its strategy to include exposure to other asset classes and geographies through a dynamic asset allocation process, and has therefore begun making a number of changes to the way in which its portfolio is invested.
"The company will retain its natural bias towards equities, reflecting the company's long-term investment horizon; however, the flexibility to hold other asset classes that help preserve capital will be increasingly valuable," the trust said in a statement.
Hansa Trust said that its portfolio across four different areas- UK equities, core funds, eclectic & diversifying funds, and strategic assets- is each expected to represent an equal weighting of 25% of its portfolio in due course.
However, the investment trust said that as its portfolio profile changes, the level of cash income it receives may vary, and therefore its annual dividend to shareholders.
"The board wishes to provide shareholders with a greater degree of certainty in the level of dividends which they can expect to receive, by declaring annually a minimum dividend which the company expects to pay, barring unforeseen circumstances, for the following financial year and to pay it by way of two similar interim dividends per year.
Hansa Trust shares were down 1.2% Tuesday at 918.79 pence per share.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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