Henderson Alternative Strategies Trust plc Proposes Final Dividend and Special Dividend for the Year Ended September 30, 2016, Payable in February 2017; Reports Earnings Results for the Year Ended September 30, 2016
December 20, 2016 at 02:00 am EST
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The Board of Henderson Alternative Strategies Trust plc is proposing a 15% increase in the dividend for the year to 30 September 2016 to 3.8 pence per share. Subject to approval at the Annual General Meeting, the proposed final dividend will be paid during February 2017.
The Board is also proposing to pay a special dividend of 2.6 pence per share. Total proposed dividends for the year are therefore 6.4 pence per share and will, subject to shareholder approval, be paid during February 2017.
The company reported earnings results for the year ended September 30, 2016. For the year, the company reported investment income of £3,685,000 compared to £2,090,000 a year ago. Net return before interest and taxation was £15,711,000 compared to net loss before interest and taxation of £6,577,000 a year ago. Net return on ordinary activities before taxation was £15,638,000 against net loss on ordinary activities before taxation of £6,606,000 a year ago. Net return on ordinary activities after taxation was £15,622,000 compared to net loss on ordinary activities after taxation of £6,606,000 a year ago. Return per ordinary share was 36.35 pence compared to loss per ordinary share of 14.89 pence per share a year ago. Net cash inflow from operating activities was £2,475,000 compared to £699,000 a year ago.
Henderson Alternative Strategies Trust Plc is an investment company. The Company's investment objective is to exploit global opportunities to provide long-term growth to shareholders through a diversified, international, multi-strategy portfolio, which also offers access to specialist funds, including hedge and private equity. The Company aims to achieve its investment objective by investing in listed or unlisted closed-end investment funds, open-ended investment funds, listed or unlisted company shares, exchange traded funds, contracts for difference (CFD), and warrants and related instruments. The Company invests in various sectors, including property, financial services and banks, technology and media, personal goods and retail, oil and gas, healthcare and education, infrastructure and transport, industrial goods and services, insurance, utilities and telecoms, and food and beverage. The Company's fund manager is Henderson Investment Funds Limited.
Henderson Alternative Strategies Trust plc Proposes Final Dividend and Special Dividend for the Year Ended September 30, 2016, Payable in February 2017; Reports Earnings Results for the Year Ended September 30, 2016