Funds

Premier Diversified Income Fund

Dividend history

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Premier Diversified Income Fund | B income

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.

Summary

Fund financial year Total dividend per share
2018-2019 1.6960p
2017-2018 2.3700p
Fund financial year 2018-2019

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 June 2018 27 July 2018 0.8500p 0.8500p
3 September 2018 26 October 2018 0.8460p 1.6960p
1 December 2018 31 January 2019
1 March 2019 30 April 2019
Fund financial year 2017-2018

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 December 2017 26 January 2018 *0.8490p *0.8490p
1 March 2018 27 April 2018 1.5210p 2.3700p

*The first distribution in respect of the Premier Diversified Income Fund will be paid on or before 31 January 2018 for the period ending 30 November 2017 and thereafter paid quarterly as per the above schedule.

Premier Diversified Income Fund | D income

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.

Summary

Fund financial year Total dividend per share
2018-2019 1.7000p
2017-2018 2.3680p
Fund financial year 2018-2019

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 June 2018 27 July 2018 0.8500p 0.8500p
3 September 2018 26 October 2018 0.8500p 1.7000p
1 December 2018 31 January 2019
1 March 2019 30 April 2019
Fund financial year 2017-2018

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 December 2017 26 January 2018 *0.8500p *0.8500p
1 March 2018 27 April 2018 1.5180p 2.3680p

*The first distribution in respect of the Premier Diversified Income Fund will be paid on or before 31 January 2018 for the period ending 30 November 2017 and thereafter paid quarterly as per the above schedule.

Ex-dividend date Payment date
1st March, 1st June, 1st September and 1st December On, or before, 30th April, 31st July, 31st October and 31st January

In each fund financial year, from 1st March to 28th/29th February, the last ex dividend date is 1st March and the last dividend payment date is 31st January.

The Fund aims to produce dividend income and offer long-term capital growth potential by holding a diversified mix of global assets.

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 Premier, 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 Premier, for example through an investment platform, shareholders will need to check how and when the dividends will be paid.

If investing directly with Premier, 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 Premier, investors will need to check with their provider as to their methods of notification.

Tax

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. Premier Asset Management is 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 Asset Management 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.

THE PREMIER MULTI-ASSET RANGE: INCOME, GROWTH, CONSERVATIVE GROWTH AND BALANCED SOLUTIONS.

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