Dividend Guidance - PM Capital Global Opportunities Fund

Company overview

The PM Capital Global Opportunities Fund Limited (ASX:PGF, ACN 166 064 875) provides investors with an opportunity to invest in global equities via an Australian Securities Exchange (ASX) listed investment company. The company began trading on the ASX on 12 December 2013.

Managed by PM Capital Limited, the aim is to create long term wealth through a concentrated portfolio of 25-45 global companies that we believe are trading at prices different to their intrinsic values.

Investment objective

The Company’s investment objective is to provide long-term capital growth over a seven-year plus investment horizon through investment in a concentrated portfolio of undervalued global (including Australian) equities and other investment securities. The goal of the Company is not to replicate standard industry benchmarks like the MSCI World Index (AUD). Instead, it is expected that the Company will have varied outcomes to that of a traditional index-benchmarked investment vehicle. The Manager will manage the Company’s Portfolio from an Australian investor’s perspective, with tax and currency exposures being important considerations in its daily management. The level of hedging back to Australian dollars will depend on the Manager’s expectation of future currency exchange rate movements. Currency exposures within the Company will be actively managed by the Manager with the objective of delivering positive Australian dollar returns.

PGF share price (AUD)
Last updated:

ASX code: PGF
Forward guidance gross dividend yield* (p.a.)

Dividend History

    Ex Date          Payment Date         Dividend (Cents)          Percentage Franking      
11/09/24 10/10/24 5.5 100%
21/03/24 13/04/24 5.0 100%
13/09/23 05/10/23 5.0 100%
15/03/2023 13/04/2023 5.0 100%
15/9/2022 6/10/2022 5.0 100%
1/4/2022 29/4/2022 5.0 100%
15/9/2021 14/10/2021 5.0 100%
3/3/2021 25/3/2021 2.5 100%
2/9/2020 8/10/2020 2.5 100%
4/3/2020 26/3/2020 2.0 100%
4/9/2019 26/9/2019 2.0 100%
6/3/2019 28/3/2019 1.8 100%
5/9/2018 27/9/2018 1.8 100%
7/3/2018 29/3/2018 1.8 100%
6/9/2017 28/9/2017 1.8 100%
8/3/2017 30/3/2017 1.6 100%
7/9/2016 29/9/2016 1.5 100%
9/3/2016 31/3/2016 1.5 100%

Meet the Manager

The Company may be suitable if you want:

Capital growth

Provided by a focused, patient and considered process

Pale Blue

Access to global securities

Increase your exposure to global equities, either within your portfolio or SMSF

Light Grey

A long term approach

Comfortable with investing in the Company over the long term (7 years plus) with some short term volatility

Blue

Diversity

The potential for returns that may be significantly different to those provided by the index and more traditional Listed Investment Companies.

Black

Why invest? 

Established

The Company's process has been shown to be effective, based on a philosophy developed by Paul Moore, over 35 years. This has produced attractive long term capital growth. 

 

Unrestricted

We have an authentic investment process where our exposure to industry sectors, geographic regions or market capitalisation is determined solely by our conviction in the risk/ reward opportunities that we identify within portfolio guidelines. No conviction = no investment.

Opportunistic

The Company aims to create long term wealth for our co-investors by finding and exploiting investment anomalies around the world, wherever they are. We find opportunities where others may only see risks.

Co-investment

Our co-investors receive access to a unique subset of opportunities to which they would otherwise find difficult to access. The management team have significant investments in the Company – they invest for and with you.

* Based on the latest updated share price, and the dividend guidance issued to the ASX on 11 February 2022. The intended fully franked dividend is subject to there being no material adverse changes in market conditions and the investment performance of the Company’s portfolio. The Company’s ability to continue paying fully franked dividends is dependent on the payment of tax on investment profits and there can be no guarantee that such profits will be generated in the future. Past performance is not a reliable indicator of future performance.

 

Zenith Investment Partners Pty Ltd ABN 27 103 132 672 AFSL 226872 Fund Awards issued 13 October 2023 are solely statements of opinion and not a recommendation in relation to making any investment decisions. Fund Awards are current for 12 months and subject to change at any time. Fund Awards for previous years are for historical purposes only. Full details on Zenith Fund Awards at https://www.zenithpartners.com.au/zenith-fund-awards-2023/