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About the company
Shires Income PLC is a United Kingdom-based closed-end investment company. The Company's investment objective is to provide shareholders with a high level of income, together with the potential for growth of both income and capital, from a diversified portfolio substantially invested in United Kingdom equities but also in preference shares, convertibles and other fixed income securities. The Company’s policy is to invest principally in the ordinary shares of United Kingdom quoted companies, and in preference shares, convertibles and other fixed income securities with above average yields. The Company also invests in preference shares, primarily to enhance the income generation of the Company. The Company invest in various sectors, including financials, energy, health care, utilities, industrials, consumer staples, basic materials, consumer discretionary, real estate, technology and telecommunications. The Company's alternative investment fund manager is abrdn Fund Managers Limited.
- Revenue in GBP (TTM)625.00k
- Net income in GBP-1.47m
- Incorporated1929
- Employees0.00
- LocationShires IncomeOne Bow ChurchyardLONDON EC4M 9HHUnited KingdomGBR
- Websitehttps://www.shiresincome.co.uk/en-gb
Profile
| Management group(s) | abrdn Fund Managers Limited |
|---|---|
| AIC sector | UK Equity Income |
| ISIN | GB0008052507 |
| Launch date | 31 Mar 1929 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
The investment objective is to provide shareholders with a high level of income, together with the potential for growth of both income and capital from a diversified portfolio substantially invested in UK equities but also in preference shares, convertibles and fixed income securities
Managed by
| Iain Pyle, Charles Luke |
|---|
Management & contract fees
Management fee is 0.45% p.a. up to GBP100m and 0.40% p.a. over GBP100m of the net assets, calculated monthly and paid quarterly. Contract is terminable on notice period of six months.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Menhaden Resource Efficiency PLC | 19.50m | 16.19m |
| Global Opportunities Trust PLC | 6.35m | 5.48m |
| Rockwood Strategic PLC | 3.83m | 2.90m |
| RM Infrastructure Income PLC | 7.87m | 3.12m |
| Albion Crown VCT PLC | 4.18m | 2.11m |
| EJF Investments Ltd | 11.30m | 7.88m |
| Atrato Onsite Energy PLC | 4.84m | 2.07m |
| Shires Income plc | 625.00k | -1.47m |
| Blackrock Latin Amercn Invstmnt Trst PLC | 42.69m | 40.20m |
| CT UK High Income Trust PLC | 13.29m | 11.22m |
| VietNam Holding Ltd | 19.44m | 16.65m |
| Us Solar Fund PLC | -27.07m | -32.41m |
| Baillie Gifford China Growth Trust PLC | -80.90m | -83.18m |
| Weiss Korea Opportunity Fund Ltd | -2.31m | -6.45m |
| Octopus AIM VCT plc | -14.83m | -17.73m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| Hargreaves Lansdown Asset Management Ltd.as of 31 Mar 2024 | 8.56m | 20.70% |
| abrdn Investments Ltd.as of 04 Dec 2023 | 2.99m | 7.22% |
| Walker Crips Investment Management Ltd.as of 01 Aug 2024 | 543.00k | 1.31% |
| HSBC Global Asset Management (UK) Ltd.as of 01 Aug 2024 | 463.00k | 1.12% |
| Legal & General Investment Management Ltd.as of 01 Aug 2024 | 412.00k | 1.00% |
| Jarvis Investment Management Ltd.as of 01 Aug 2024 | 361.00k | 0.87% |
| Rathbones Investment Management Ltd.as of 01 Aug 2024 | 268.00k | 0.65% |
| Pilling & Co. Stockbrokers Ltd.as of 01 Aug 2024 | 247.00k | 0.60% |
| Vanguard Global Advisers LLCas of 30 Jun 2024 | 219.32k | 0.53% |
| BlackRock Investment Management (UK) Ltd.as of 01 Aug 2024 | 169.00k | 0.41% |
