Premier Managed Index Balanced Fund

Dividend history


Premier Managed Index Balanced Fund | C accumulation

To calculate your dividend payment for the Fund you are invested in, you need to multiply the number of shares that you owned immediately prior to the fund’s ex-dividend date, by the dividend rate per share. For example, if you owned 100,000 shares in a fund and the dividend per share as at the ex-dividend date was 5p per share, the dividend payment would be worth £5,000 (100,000 x 0.05).

The tables below show the Fund’s dividend payments (pence per share) at each payment date and the total dividend per share over the Fund’s financial year, for each available share class and type e.g. class A accumulation and income shares, class B accumulation and income shares and class C accumulation and income shares, where these are available.


Fund financial year Total dividend per share
Fund financial year 2019-2020

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 December 2019 28 January 2020
1 June 2020 28 August 2020
Ex-dividend date Payment date
1st May and 1st November On, or before, 31st August and 31st December

In each fund financial year, from 1st May to 30th April, the annual ex dividend date is 1st May and the annual dividend payment date is 31st August 

The fund’s primary objective is long term capital growth and the fund’s aim does not include income. However, dividends may be generated by some of the fund’s holdings and these dividends are expected to be paid to shareholders by 31st August and 31st January. As the primary objective of the fund is capital growth, the ongoing charge for the fund is taken from income rather than capital. This will reduce the amount of dividends paid.

Holders of income shares are entitled to be paid any income on the relevant payment dates. In the case of holders of accumulation shares, income is not distributed but instead retained for the benefit of shareholders in that share class and is reflected in the share price.

For income shares, the dividend will normally be paid to a nominated account. If investing directly with us, the dividend payment will be paid direct to the nominated bank or building society account or paid out as a cheque if we don’t have account details. Cheques are typically despatched the day before the dividend pay date. If not investing directly with us, for example through an investment platform, shareholders will need to check how and when the dividends will be paid.

If investing directly with us, confirmation of dividends paid will be notified via tax vouchers (unless invested via an ISA where you will be notified via the semi-annual statements) that will be posted out the day before the dividend pay date. Dividend payments will also be summarised on semi-annual statements. If not investing direct with us, investors will need to check with their provider as to their methods of notification.


For UK residents and other individuals subject to UK income tax, no income tax is payable in respect of the first £5,000 of dividend income that you receive from all sources in the tax year (although such income would still count towards the basic, higher and additional rate thresholds). For dividends received above £5,000 in a tax year, the dividend income would be taxable at 7.5%, 32.5% and 38.1% for basic rate, higher rate and additional rate tax payers respectively.

If you are resident in jurisdictions other than the UK for tax purposes, you will generally not be charged UK income tax on a dividend distribution unless you are carrying on a trade in the UK through a permanent establishment. Your tax position is likely to depend on the law and practice on taxation in the jurisdiction in which you are resident. Each investor will be sent a tax voucher notifying them of the amount of the distribution paid to them and of any tax deducted.

Further information about the taxation of dividend distributions is available in the fund’s prospectus document. The information provided is based on our understanding and interpretation of current tax rules which are subject to change. We are unable to provide investment or tax advice and we would advise that you seek appropriate professional advice on your individual tax position.

Key terms

Dividend distributions: income that is paid out by funds that invest mainly in equities (company shares). Dividends received on those company shares are the profits paid to investors as cash or shares and are usually paid once or twice a year.

Payment date: the date that the dividend payment will normally be made. This is the date that dividend cheques are posted or dividends paid by bank mandate are credited to shareholders’ bank accounts (or potentially other accounts if investment has been made through a platform).

Ex-dividend date: the date that dividends are announced and allocated. The registered holder of shares immediately prior to the ex-dividend date will be entitled to the dividend for that shareholding.

Income equalisation: income equalisation is applied to each of the funds. A proportion of each fund’s share price reflects the amount of income accrued for distribution within the current accounting period (whether annual or interim). For a shareholder’s first distribution following a purchase of shares, the payment to them will contain a representation of that income purchased which is classed as a return of capital. The rate of equalisation paid out is calculated by dividing the aggregate of the amounts of income included in the price of shares purchased by all shareholders in that accounting period by the number of those shares. This will be shown on the dividend voucher for the period(s) when you buy shares.


Risk and other important information

When you invest, your money is at risk because the value of investments, and any income from them, can go down as well as up and you could get back less than you invested. The past performance of an investment is not a guide to how it will perform in the future. Because there are many different types of investment risk and investors have different attitudes to risk, we are not able to categorise our investments as having a specific level of risk. We would therefore strongly recommend that if you do not have professional experience in matters relating to investments, you should speak with a financial adviser before making an investment decision.

Premier Miton Investors is not authorised to provide investment advice or tax advice. Before making an investment decision, it is also important that you read the key documentation for that investment which is available in the literature section of the website, by contacting a financial adviser or by getting in touch with us directly. See ‘Contact us’ for more information or if you are unsure. You can find more details about the specific risks and literature that are relevant to each type of investment on the individual fund, portfolio or investment trust website pages.