BMO Capital and Income Investment Trust | About

BMO Capital and Income Investment Trust PLC

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Julian Cane

Director, Portfolio Manager, UK Equities

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The BMO Capital and Income Investment Trust PLC offers the best of both worlds; the potential for long-term capital growth and a regular, growing income.

Highlights of the BMO Capital and Income Investment Trust PLC:

Dividends increased annually since launch in 1992, paid quarterly and grown significantly faster than inflation
Diversified portfolio focusing on well-established UK companies
Targets long-term capital and income growth
Many of the stocks purchased have a higher than average dividend yield

Objectives

Focused on generating capital growth and an attractive income.

The Company seeks to achieve this objective by investing in companies which have good long-term prospects with attractive returns on invested capital, but whose share prices may not fully reflect this. This could be because of adverse sentiment, possibly from short-term difficulties, or simply because they are unfashionable. Many of the stocks purchased have a higher than average dividend yield.

Investment Risks

The value of your investments and any income from them can go down as well as up and you may not get back the original amount invested. Gearing is used for investment purposes to obtain, increase or reduce exposure to an asset, index or investment. The use of gearing can enhance returns to investors in a rising market, but if the market falls the losses may be greater

Fund Facts and Key Dates

Fund Facts


Investment manager	BMO Investment Business Limited
Benchmark	FTSE All-Share Index
AIC sector	UK Growth and Income
Launch date	1992
Total assets	£353.2 million (as at 31.03.2021)
Net Dividend Yield*	3.75% (as at 31.03.2021)
Currency	Sterling
ISIN	GB0003463287
SEDOL	346328
Ticker symbol	BCI

Key Dates


Annual general meeting	February
Year end	30 September
Dividends paid	March, June, September, December (Quarterly)
Results announced	May (half yearly) November (final)

Sustainability and ESG

Environmental, Social and Governance (“ESG”) issues are the three central factors in measuring sustainability and can present both opportunities and threats to the long-term investment performance the Company aims to deliver to Shareholders. The Board is therefore committed to taking a responsible approach to ESG matters. There are two strands to this approach. The Company’s own responsibilities on matters such as governance and the impact it has through the investments that are made on its behalf by its Manager.

Find out more about our approach to sustainability and ESG issues here

The Board

Jonathan Cartwright

Chairman

Jonathan was appointed to the Board on 26 November 2019 and became Chairman with effect from 1 April 2020. He is chairman of the Income & Growth VCT PLC and a non-executive director of British Smaller Companies VCT PLC and Tennants Consolidated Limited. He was also chairman of Blackrock Income and Growth Investment Trust PLC. He qualified as a chartered accountant with KPMG and thereafter held the role of group financial controller at Hanson PLC. He moved to Caledonia Investments PLC where he became Finance Director and retired in 2009 after 20 years’ service.

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Sharon Brown

Non-Executive Director

Sharon was appointed to the Board on 16 September 2013. Other board roles include being non-executive director and chairman of the audit committees of Fidelity Special Values plc, Celtic plc and McColls Retail Group plc. She is also a non executive director of European Opportunities Trust PLC and Baillie Gifford Japan Trust plc. She also holds directorships in The Crieff Food Company Limited and Tomorrow's People Trust Limited. Sharon was the finance director and company secretary of Dobbies Garden Centres. She is a fellow of the Institute of Chartered Management Accountants.

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Tim Scholefield

Non-Executive Director

Tim was appointed to the Board on 25 November 2014. He is chairman of City Merchants High Yield Ltd and a non-executive director of Fidelity Asian Values PLC and Standard Life UK Smaller Companies Trust PLC. He has 29 years of investment experience, including his role as Head of Equities at Baring Asset Management until April 2014.

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Clare Dobie

Non-Executive Director

Appointed to the Board on 16 July 2012. She is a non-executive director of Alliance Trust PLC and Schroder UK Mid Cap Fund PLC. She also ran her own marketing consultancy until 2015. Clare began her career as a financial journalist, working at the Times and The Independent, where she was city editor, before moving on to head of clients at Barclays Global Investors and head of Marketing at GAM.

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Jane Lewis

Non-Executive Director

Jane was appointed to the board on 24 November 2015. She is a non-executive director of BlackRock World Mining Trust PLC, Invesco Perpetual UK Smaller Companies PLC, Scottish Investment Trust PLC and Majedie Investments plc. She was a Director of Corporate Finance and Broking at Winterflood Investment Trusts until August 2013. Prior to this she worked at Henderson Global Investors and Gartmore Investment Management Limited in investment trust business development and at WestLB Panmure as an investment trust broker.

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Nicky McCabe

Non-Executive Director

Nicky was appointed to the Board on 1 January 2021. Nicky has extensive sector experience as she was formerly Head of Product and Investment Trusts at Fidelity International as well as a director and Chief Operating Officer of a number of Fidelity companies. Nicky is currently a non-executive director of Aberdeen Asian Income Fund Ltd, Artemis Investment Management Limited, Vitality Life Insurance and the charity, Tomorrow’s People.

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How to invest

Invest with BMO

BMO offer a range of plans designed to meet different investment goals and help you make your money work harder.

As with all investments, you need to be comfortable that you may not get back the original amount invested.

Opening a BMO plan is easy.

Choose your perfect plan.

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Invest with a broker

You can invest through your usual financial adviser, or through a wide range of companies.

*The yield is calculated on an historic basis using the actual dividends paid during the last twelve months and the closing share price as at the end of the relevant month.

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