Investment Trusts

abrdn Equity Income Trust plc

SLET:LSE

abrdn Equity Income Trust plc

  • Price (GBX)309.96
  • Today's Change1.96 / 0.64%
  • Shares traded46.57k
  • 1 Year change-6.92%
  • Beta1.2692
Data delayed at least 20 minutes, as of May 03 2024 14:21 BST.
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Profile data is unavailable for this security.

About the company

abrdn Equity Income Trust plc is a United Kingdom-based closed-end investment company. The Company’s investment objective is to provide shareholders with an above average income from their equity investment, while also providing real growth in capital and income. The Company invests in a diversified portfolio consisting mainly of quoted United Kingdom equities, which normally comprises between 50 and 70 individual equity holdings. The Company invests in various sectors, such as financials, energy, basic materials, industrials, utilities, consumer staples, consumer discretionary, real estate, healthcare and telecommunications. The Company may invest in convertible preference shares, convertible loan stocks, gilts and corporate bonds. abrdn Fund Managers Limited is the alternative investment fund manager of the Company.

  • Revenue in GBP (TTM)6.15m
  • Net income in GBP3.03m
  • Incorporated1991
  • Employees0.00
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Profile

Management group(s)abrdn Fund Managers Limited
AIC sectorUK Equity Income
ISINGB0006039597
Launch date15 Nov 1991
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

The objective of the company is to provide shareholders with an above average income from their equity investment, while also providing real growth in capital and income.

Managed by

Thomas Moore, Iain Pyle

Management & contract fees

With effect from 1 October 2023, the Company's management fee will be charged at a flat fee of 0.55 per cent. per annum of the Company's Net Asset Value ('NAV').

Peer analysis

CompanyRevenue (TTM)Net income (TTM)Market capEmployeesMarket Cap /
Employees
Duke Capital Ltd25.60m12.69m134.88m--134.88m--
VPC Specialty Lending Investments PLC-10.18m-25.83m135.24m0.00135.24m0.00
Chenavari Toro Income Fund Ltd22.15m18.02m138.64m0.00138.64m0.00
Invesco Perpetual UK Smlr Cos Inv Tr PLC-23.58m-25.25m140.89m0.00140.89m0.00
CT Global Managed Portfolio Trust PLC13.47m11.79m145.00m--145.00m--
abrdn Equity Income Trust PLC6.15m3.03m147.17m0.00147.17m0.00
Puma VCT 13 PLC3.12m-160.00k147.86m0.00147.86m0.00
Hargreave Hale AIM VCT PLC-25.84m-29.73m149.75m0.00149.75m0.00
Blackrock Energy and Rsrcs Incm Trst PLC-20.05m-23.40m150.64m0.00150.64m0.00
Mobius Investment Trust PLC-3.78m-6.90m152.64m0.00152.64m0.00
Blackrock Sustnble Amrcn Incme Trst PLC-7.24m-9.46m153.38m0.00153.38m0.00
Seraphim Space Investment Trust PLC7.33m3.31m153.47m--153.47m--
Brown Advisory US Smaller Companies PLC11.32m9.50m153.91m0.00153.91m0.00
Proven Growth and Income VCT PLC-5.14m-9.09m156.55m0.00156.55m0.00
Foresight Enterprise VCT PLC14.45m9.06m157.48m0.00157.48m0.00
Data as of May 03 2024. Currency figures normalised to abrdn Equity Income Trust plc's reporting currency: UK Pound GBX

Institutional shareholders

56.04%Per cent of shares held by top holders
HolderShares% Held
Brewin Dolphin Ltd.as of 29 Jan 202417.05m35.68%
Hargreaves Lansdown Asset Management Ltd.as of 01 Feb 20243.43m7.17%
Rathbones Investment Management Ltd.as of 30 Sep 20221.95m4.07%
abrdn Investment Management Ltd.as of 30 Sep 20231.46m3.06%
Consistent Unit Trust Management Co. Ltd.as of 01 Feb 2024755.00k1.58%
Legal & General Investment Management Ltd.as of 01 Feb 2024527.00k1.10%
HSBC Global Asset Management (UK) Ltd.as of 01 Feb 2024481.00k1.01%
BlackRock Investment Management (UK) Ltd.as of 01 Feb 2024410.00k0.86%
Walker Crips Investment Management Ltd.as of 01 Feb 2024400.00k0.84%
Vanguard Global Advisers LLCas of 01 Feb 2024319.00k0.67%
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Data from 31 Dec 2023 - 02 Apr 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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