Dividend Cover
CLIM Template - Not a Specific Forecast
Source: City of London Investment Management
Key Assumptions:
- Starting point Current FuM (June 2018)
- Net increase in 2018/2019 (straight-lined to June 2019):
- emerging market CEF strategy US$0m
- non-emerging market CEF strategies US$250m - Operating margin adjusted monthly for change in product mix and commission run-off
- Market growth: 0%
- Increase in overheads: 3%
- EIP charge: 4% of operating profit
- Corporation tax based on an estimated average rate of 20%
- Exchange rate assumed to be £1/$1.32 for entire period
- Number of CLIG Shares in issue (26.9m) less those held by the Employee Benefit Trust (1.5m) as at 30 June 2018
*Any forward-looking statements are based on certain factors and assumptions, which may prove incorrect, and are subject to risks, uncertainties and assumptions relating to future events, the Group’s operations, results of operations, growth strategy and liquidity.
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