CT Global Managed Portfolio Trust : AGM Presentation

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CT Global Managed Portfolio Trust

AGM Presentation

Peter Hewitt

Director, Global Equities and Fund Manager September 2023

Investment Risks

The value of investments and any income from them can go down as well as up and investors may not get back the original amount invested.

The value of your investment is dependent on the supply and demand for the shares of the Investment Trust rather than its underlying assets. The value of your investment will not be the same as the value of the Investment Trust's underlying assets.

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.

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CT Global Managed Portfolio Trust

Key attributes

Aim to be a Long Term Savings Vehicle for private individuals and trusts

• Use the capital structure of an investment company to customise returns for shareholders
• Conventional Investment Company structure with two separate portfolios - Income and Growth
• Clear objectives for both portfolios: Growth - capital returns only

Income - income growth/total return

• Transfer of Income between portfolios
• Conversion Facility
• Tight control of discounts

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Income Transfer Example

Income Transfer Example

Income

Income Pool

Pool

Investments of
Income Pool	100
Dividends received	4
		Pool Transfers:
		Dividends on growth pool
	1	to Income pool
	-1	Capital transfer
		to Growth pool
Dividend paid to
Income shareholders	-5
NAV of Income
Pool share class	99

Growth

Growth Pool

Pool

Investments of
Growth Pool	100
Dividends received	1

	-1
	1
Dividend paid to
Growth shareholders	0

NAV of Growth

Pool share class 101

Total Total

Opening

Investments 200

Dividends received

5

Dividends paid

-5

Closing

Investments 200

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Conversion Facility

• Annually each October investors can switch between Growth and Income Portfolios at Net Asset Value
• Minimum and Maximum levels
• Costs kept to a minimum for the investor
• Facility proving increasingly popular
• Under current law, conversions are not treated as disposals for Capital Gains Tax purposes
• Over time circumstances for shareholders can change, the facility allows shareholders to change their investment preference between Growth and Income

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