The board of Martin Currie's £130m Asia Unconstrained investment trust is seeking shareholder approval to increase the yield on its shares by introducing a distribution from capital to the dividend.
Following feedback from shareholders, the board will introduce the new dividend policy with the aim to increase headline yield on the share price to around 4.5%. The board recommends the first payment from capital to be made as part of the final dividend payment in August for the year ended 31 March 2017 and this payment to be set at a level of 2% of the company's ex-income NAV referenced to the same year-end date. This will increase the headline dividend yield on the company's shares, for the full year to 31 March 2017, to approximately 4.5% based on the company's share price at the ...
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