MOMENTUM MULTI-ASSET VALUE TRUST PLC

Notice of Dividend Amount • Nov 17, 2021

National Storage Mechanism | Additional information

RNS Number : 6761S

Momentum Multi-Asset Value Trust

17 November 2021

Momentum Multi-Asset Value Trust plc

To:                          RNS

From:                    Momentum Multi-Asset Value Trust plc

LEI:                         213800OQTUSRFDIL9L29

Date:                     17 November 2021

Announcement of Second Interim Dividend

Momentum Multi-Asset Value Trust plc, which seeks to apply a value lens to identify the most compelling investment opportunities across a highly diversified range of asset classes, has today declared a second interim dividend in respect of the year ending 30 April 2022 of 1.68p per Ordinary 25p share, which will be payable on 17 December 2021 to Ordinary shareholders on the register on 26 November 2021, with an ex-dividend date of 25 November 2021.

It is the Board's intention, barring unforeseen circumstances, that it will at least maintain the quarterly dividend rate of 1.68p per share for the full year to 30 April 2022. It remains the Board's intention to increase the dividend at least in line with inflation over the medium term.

All enquiries:

Juniper Partners Limited, Company Secretary                                                     0131 378 0500

Lucy Dolan, Momentum Global Investment Management Ltd                         0151 906 2479 

Mobile 07484 116526

Gary Moglione, Momentum Global Investment Management Ltd                  0151 906 2461 

Mobile 07469 852685

About Momentum Multi-Asset Value Trust plc

Momentum Multi-Asset Value Trust plc ("MAVT" or the "Trust") is a UK investment trust, listed on the London Stock Exchange with a market capitalisation of £62.6m (as at 16 November 2021). The Trust was previously known as Seneca Global Income & Growth Trust plc.

MAVT is managed by Momentum Global Investment Management which has a boutique culture and more than 20 years' experience in multi-asset and value investing.  The Trust's management team employs a "refined value" bottom up, deeply researched investment approach. Value investing is a process which is traditionally applied to equity investment. MAVT's manager seeks to refine and apply the value identification process across a highly diversified range of asset classes, including global equities, credit and specialist assets (such as property, infrastructure, financial investment vehicles, private equity and music royalties), and defensive assets (such as gold), seeking the most compelling investment opportunities wherever they can be found. Responsible investment considerations also form an integral part of the investment philosophy and ESG considerations are implemented throughout the investment process. MAVT is a high conviction portfolio, typically comprising approximately 60 holdings across the range of asset classes. 

Over a typical investment cycle of between 5 and 10 years, MAVT seeks to achieve a total return of at least CPI plus 6% per annum after costs with low volatility and aims to increase the dividends paid to shareholders at least in line with inflation.

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