BMO Capital and Income Investment Trust PLC

Investing with BMO Capital and Income Investment Trust PLC

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

NET DIVIDEND YIELD* AS AT 30.09.2021

0 %

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
£380.8 million (as at 30.09.2021)
Net Dividend Yield*
3.57% (as at 30.09.2021)
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

Annual General Meeting (AGM) – February 2021

The Annual General Meeting for BMO Capital and Income Investment Trust PLC was held at 11:30 on 16 February 2021. Due to current restrictions and social distancing measures Shareholders were not permitted to attend this year’s AGM physically but were able to view proceedings at the meeting electronically. Find out more about the Lead Manager’s AGM presentation, FAQs and resolutions.

The Board

Jonathan Cartwright

Chairman

Jonathan was appointed to the Board on 26 November 2019. He became Chairman of the Company with effect from 1 April 2020. He is Chairman of Mobeus Income & Growth 4 VCT plc and a non-executive director of British Smaller Companies VCT PLC and Tennants Consolidated Limited. Until recently he was Chairman of Blackrock Income and Growth Investment Trust PLC and The Income and Growth VCT 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.

Sharon Brown

Chair of the Audit and Management Engagement Committee

Sharon was appointed to the Board on 16 September 2013. She is a non-executive director and chair of the audit committees of European Opportunities Trust PLC, Celtic PLC and Baillie Gifford Japan Trust PLC. She is also a director of a number of limited companies in the retail sector. She was previously a non-executive director and Chair of the Audit Committees of McColls Retail Group PLC and Fidelity Special Values PLC. She is a fellow of the Institute of Chartered Management Accountants and was, between 1998 and 2013, Finance Director and Company Secretary of Dobbies Garden Centres PLC.

Tim Scholefield

Senior Independent 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 30 years of investment experience, including his role as Head of Equities at Baring Asset Management until April 2014.

Jane Lewis

Non-Executive Director

Jane was appointed on 24 November 2015. She is Chairman of Invesco Perpetual UK Smaller Companies Investment Trust PLC and a non-executive director of BlackRock World Mining Trust PLC, Majedie Investments PLC and The Scottish Investment Trust 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.

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.

How to invest

Invest with BMO

BMO offer a range of cost-effective savings plans designed to make it easy for you to invest in our range of funds.

Starting from £25 per month or a lump sum of £100, with the flexibility to start and stop contributions whenever you want.

There are no dealing charges on investments made online or through a monthly direct debit.

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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