Funds

Premier Optimum Income Fund

History

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Premier Optimum Income Fund | A 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 1.5433p
2017-2018 8.1831p
2016-2017 8.1501p
2015-2016 8.0308p
2014-2015 7.7512p
2013-2014 7.2030p
2012-2013 8.4009p
2011-2012 9.9333p
2010-2011 8.7008p
2009-2010 8.7469p
Fund financial year 2018-2019

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
3 September 2018 26 October 2018 1.5433p 1.5433p
1 December 2018 31 January 2019
1 March 2019 30 April 2019
1 June 2019 31 July 2019
Fund financial year 2017-2018

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 September 2017 27 October 2017 1.6300p 1.6300p
1 December 2017 26 January 2018 1.5352p 3.1652p
1 March 2018 27 April 2018 1.7398p 4.9050p
1 June 2018 27 July 2018 3.2781p 8.1831p
Fund financial year 2016-2017

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 September 2016 28 October 2016 1.5586p 1.5586p
1 December 2016 27 January 2017 1.5470p 3.1056p
1 March 2017 28 April 2017 1.7000p 4.8056p
1 June 2017 28 July 2017 3.3445p 8.1501p
Fund financial year 2015-2016

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 September 2015 28 October 2015 1.5250p 1.5250p
1 December 2015 28 January 2016 1.5130p 3.0.80p
1 March 2016 28 April 2016 1.7000p 4.7380p
1 June 2016 28 July 2016 3.2928p 8.0308p
Fund financial year 2014-2015

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 September 2014 28 October 2014 1.4806p 1.4806p
1 December 2014 28 January 2015 1.4687p 2.9493p
2 March 2015 28 April 2015 1.6400p 4.5893p
1 June 2015 28 July 2015 3.1619p 7.7512p
Fund financial year 2013-2014

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
2 September 2013 31 October 2013 1.4128p 1.4128p
2 December 2013 28 January 2014 1.4296p 2.8424p
3 March 2014 28 April 2014 1.5690p 4.4114p
2 June 2014 28 July 2014 2.7916p 7.2030p
Fund financial year 2012-2013

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
3 September 2012 31 October 2012 1.7188p 1.7188p
3 December 2012 31 January 2013 2.1748p 3.8936p
1 March 2013 30 April 2013 2.1973p 6.0909p
3 June 2013 31 July 2013 2.3100p 8.4009p
Fund financial year 2011-2012

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 September 2011 31 October 2011 1.9703p 1.9703p
1 December 2011 31 January 2012 2.1500p 4.1203p
1 March 2012 30 April 2012 2.0193p 6.1396p
1 June 2012 31 July 2012 3.7937p 9.9333p
Premier Optimum 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 1.5849p
2017-2018 8.3218p
2016-2017 8.3010p
2015-2016 8.1356p
2014-2015 7.8611p
2013-2014 7.2822p
Fund financial year 2018-2019

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
3 September 2018 26 October 2018 1.5849p 1.5849p
1 December 2018 31 January 2019
1 March 2019 30 April 2019
1 June 2019 31 July 2019
Fund financial year 2017-2018

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 September 2017 27 October 2017 1.6657p 1.6657p
1 December 2017 26 January 2018 1.5709p 3.2366p
1 March 2018 27 April 2018 1.7820p 5.0186p
1 June 2018 27 July 2018 3.3032p 8.3218p
Fund financial year 2016-2017

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 September 2016 28 October 2016 1.5848p 1.5848p
1 December 2016 27 January 2017 1.5748p 3.1596p
1 March 2017 28 April 2017 1.7328p 4.8942p
1 June 2017 28 July 2017 3.4068p 8.3010p
Fund financial year 2015-2016

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 September 2015 28 October 2015 1.5426p 1.5426p
1 December 2015 28 January 2016 1.5325p 3.0751p
1 March 2016 28 April 2016 1.7241p 4.7992p
1 June 2016 28 July 2016 3.3364p 8.1356p
Fund financial year 2014-2015

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 September 2014 28 October 2014 1.4473p 1.4473p
1 December 2014 28 January 2015 1.5363p 2.9836p
2 March 2015 28 April 2015 1.6555p 4.6391p
1 June 2015 28 July 2015 3.2220p 7.8611p
Fund financial year 2013-2014

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
2 September 2013 31 October 2013 1.4154p 1.4154p
2 December 2013 28 January 2014 1.4349p 2.8503p
3 March 2014 28 April 2014 1.5946p 4.4449p
2 June 2014 28 July 2014 2.8373p 7.2822p
Premier Optimum Income Fund | C 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 1.6918p
2017-2018 8.8360p
2016-2017 8.8225p
2015-2016 8.6227p
2014-2015 8.3481p
2013-2014 7.7837p
2012-2013 9.0314p
2011-2012 10.3633p
2010-2011 9.0325p
Fund financial year 2018-2019

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
3 September 2018 26 October 2018 1.6918p 1.6918p
1 December 2018 31 January 2019
1 March 2019 30 April 2019
1 June 2019 31 July 2019
Fund financial year 2017-2018

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 September 2017 27 October 2017 1.7740p 1.7740p
1 December 2017 26 January 2018 1.6740p 3.4480p
1 March 2018 27 April 2018 1.9000p 5.3480p
1 June 2018 27 July 2018 3.4880p 8.8360p
Fund financial year 2016-2017

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 September 2016 28 October 2016 1.6835p 1.6835p
1 December 2016 27 January 2017 1.6740p 3.3575p
1 March 2017 28 April 2017 1.8431p 5.2006p
1 June 2017 28 July 2017 3.6219p 8.8225p
Fund financial year 2015-2016

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 September 2015 28 October 2015 1.6345p 1.6345p
1 December 2015 28 January 2016 1.6248p 3.2593p
1 March 2016 28 April 2016 1.8291p 5.0884p
1 June 2016 28 July 2016 3.5343p 8.6227p
Fund financial year 2014-2015

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 September 2014 28 October 2014 1.56313p 1.5313p
1 December 2014 28 January 2015 1.6381p 3.1694p
2 March 2015 28 April 2015 1.7517p 4.9211p
1 June 2015 28 July 2015 3.4270p 8.3481p
Fund financial year 2013-2014

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
2 September 2013 31 October 2013 1.5134p 1.5134p
2 December 2013 28 January 2014 1.5145p 3.0279p
3 March 2014 28 April 2014 1.7369p 4.7648p
2 June 2014 28 July 2014 3.0189p 7.7837p
Fund financial year 2012-2013

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
3 September 2012 31 October 2012 1.8037p 1.8037p
3 December 2012 31 January 2013 2.2881p 4.0918p
1 March 2013 30 April 2013 2.5328p 6.6246p
3 June 2013 31 July 2013 2.4068p 9.0314p
Fund financial year 2011-2012

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 September 2011 31 October 2011 2.0825p 2.0825p
1 December 2011 31 January 2012 2.2100p 4.2925p
1 March 2012 30 April 2012 2.2049p 6.4974p
1 June 2012 31 July 2012 3.8659p 10.3633p
Premier Optimum Income Fund | A 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.

Summary

Fund financial year Total dividend per share
2017-2018 3.6536p
2017-2018 18.4291p
2016-2017 17.1159p
2015-2016 15.6222p
2014-2015 14.0671p
2013-2014 12.2952p
2012-2013 13.2406p
2011-2012 14.2149p
2010-2011 11.3989p
Fund financial year 2018-2019

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
3 September 2018 26 October 2018 3.6536p 3.6536p
1 December 2018 31 January 2019
1 March 2019 30 April 2019
1 June 2019 31 July 2019
Fund financial year 2017-2018

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 September 2017 27 October 2017 3.5890p 3.5890p
1 December 2017 26 January 2018 3.4283p 7.0173p
1 March 2018 27 April 2018 3.9374p 10.9547p
1 June 2018 27 July 2018 7.4744p 18.4291p
Fund financial year 2016-2017

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 September 2016 28 October 2016 3.1948p 3.1948p
1 December 2016 27 January 2017 3.2161 6.4109p
1 March 2017 28 April 2017 3.5858 9.9967p
1 June 2017 28 July 2017 7.1192p 17.1159p
Fund financial year 2015-2016

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 September 2015 28 October 2015 2.9045p 2.9045p
1 December 2015 28 January 2016 2.9215p 5.8260p
1 March 2016 28 April 2016 3.3274p 9.1534p
1 June 2016 28 July 2016 6.4688p 15.6222p
Fund financial year 2014-2015

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 September 2014 28 October 2014 2.6327p 2.6327p
1 December 2014 28 January 2015 2.5978p 5.2305p
2 March 2015 28 April 2015 2.9986p 8.2291p
1 June 2015 28 July 2015 5.8380p 14.0671p
Fund financial year 2013-2014

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
2 September 2013 31 October 2013 2.3607p 2.3607p
2 December 2013 28 January 2014 2.4203p 4.7810p
3 March 2014 28 April 2014 2.6691p 7.4501p
2 June 2014 28 July 2014 4.8451p 12.2952p
Fund financial year 2012-2013

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
3 September 2012 31 October 2012 2.6382p 2.6382p
3 December 2012 31 January 2013 3.4039p 6.0421p
1 March 2013 30 April 2013 3.5143p 9.5564p
3 June 2013 31 July 2013 3.6842p 13.2406p
Fund financial year 2011-2012

Ex-dividend date Payment date Dividend per share Financial year total dividend per share
1 September 2011 31 October 2011 2.7172p 2.7172p
1 December 2011 31 January 2012 3.0300p 5.7472p
1 March 2012 30 April 2012 2.8873p 8.6345p
1 June 2012 31 July 2012 5.5804p 14.2149p
Ex-dividend date Payment date
1st September, December, March and June On, or before, 31st October, 31st January, 30th April and 31st July

In each fund financial year, from 1st June to 31st May, the last ex dividend date is 1st June and the last dividend payment date is 31th July.

The fund targets an annual yield of 7%. Income is paid quarterly via dividend distributions. The yield is not guaranteed and could change with market conditions. The annual yield is the sum of the quarterly yields for each of the four quarterly periods ending 30 November. The four quarterly periods are as follows: 1 December to the last day of February, 1 March to 31 May, 1 June to 31 August, and 1 September to 30 November. Each quarterly yield is calculated by dividing the dividend per share paid for the quarter by the share price at the start of the quarter, and is expressed as a percentage. The fund is expected to pay smaller payments for three quarterly periods and a larger final payment for the quarterly period ending 31 May. As a key objective of this fund is to provide income, the ongoing charge for the fund is taken from capital rather than income. This can erode capital and reduce the potential for capital growth.

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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