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About the company
abrdn Equity Income Trust plc is a United Kingdom-based closed-end investment company. The Company’s investment objective is to provide shareholders with an above average income from their equity investment, while also providing real growth in capital and income. The Company invests in a diversified portfolio consisting mainly of quoted United Kingdom equities, which normally comprises between 50 and 70 individual equity holdings. The Company invests in various sectors, such as financials, energy, basic materials, industrials, utilities, consumer staples, consumer discretionary, real estate, healthcare and telecommunications. The Company may invest in convertible preference shares, convertible loan stocks, gilts and corporate bonds. abrdn Fund Managers Limited is the alternative investment fund manager of the Company.
- Revenue in GBP (TTM)3.37m
- Net income in GBP-221.00k
- Incorporated1991
- Employees0.00
- Locationabrdn Equity Income Trust plc1 George StreetEDINBURGH EH2 2LLUnited KingdomGBR
- Phone+44 13 1225 2345
- Websitehttps://www.abrdnequityincome.com/
Profile
Management group(s) | abrdn Fund Managers Limited |
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AIC sector | UK Equity Income |
ISIN | GB0006039597 |
Launch date | 15 Nov 1991 |
Share type | Ordinary Share |
Structure | Investment Trust |
Base currency | GBP |
Objective
The objective of the company is to provide shareholders with an above average income from their equity investment, while also providing real growth in capital and income.
Managed by
Thomas Moore, Iain Pyle |
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Management & contract fees
With effect from 1 October 2023, the Company's management fee will be charged at a flat fee of 0.55 per cent. per annum of the Company's Net Asset Value ('NAV').
Peer analysis
Company | Revenue (TTM) | Net income (TTM) |
---|---|---|
Downing Renewables & Infrstrctr Trst PLC | 10.56m | 7.10m |
Blackrock Energy and Rsrcs Incm Trst PLC | 27.46m | 24.12m |
Baillie Gifford China Growth Trust PLC | -30.63m | -32.98m |
Puma VCT 13 PLC | -5.07m | -8.10m |
CT Global Managed Portfolio Trust PLC | 13.47m | 11.79m |
British Smaller Companies VCT2 PLC | 9.41m | 5.97m |
Foresight Enterprise VCT PLC | 22.05m | 15.55m |
abrdn Equity Income Trust PLC | 3.37m | -221.00k |
Lindsell Train Investment Trust PLC | 5.99m | 4.20m |
Digital 9 Infrastructure PLC | -446.59m | -463.24m |
Peel Hunt Ltd | 85.83m | -3.20m |
Brown Advisory US Smaller Companies PLC | 6.52m | 4.60m |
Mobius Investment Trust PLC | 21.10m | 17.31m |
India Capital Growth Fund Ltd | 313.00k | 43.51m |
Strategic Equity Capital PLC | 30.26m | 26.83m |
Proven Growth and Income VCT PLC | 14.67m | 10.73m |
Institutional shareholders
Holder | Shares | % Held |
---|---|---|
Brewin Dolphin Ltd.as of 29 Jan 2024 | 17.05m | 35.68% |
Hargreaves Lansdown Asset Management Ltd.as of 01 May 2024 | 3.61m | 7.56% |
Rathbones Investment Management Ltd.as of 30 Sep 2022 | 1.95m | 4.07% |
abrdn Investment Management Ltd.as of 30 Sep 2023 | 1.46m | 3.06% |
Legal & General Investment Management Ltd.as of 01 May 2024 | 680.00k | 1.42% |
Consistent Unit Trust Management Co. Ltd.as of 01 May 2024 | 670.00k | 1.40% |
BlackRock Investment Management (UK) Ltd.as of 01 May 2024 | 582.00k | 1.22% |
HSBC Global Asset Management (UK) Ltd.as of 01 May 2024 | 495.00k | 1.04% |
Walker Crips Investment Management Ltd.as of 01 May 2024 | 396.00k | 0.83% |
Evelyn Partners Investment Management LLPas of 01 May 2024 | 256.00k | 0.54% |