Aberforth Geared Value & Income Trust plc
Kepler ResearchShare Price: 18/07/2025
AGVI.L
86.68
+0.93
Share Price: 17/07/2025
AGZI.L
108.50
0.00
Performance
The Trust’s objective is to provide Ordinary Shareholders with high total returns, incorporating an attractive level of income, and to provide Zero Dividend Preference (ZDP) shareholders with a pre-determined final capital entitlement of 160.58p on the planned winding up of the Company expected to occur on 30 June 2031. The Trust’s share prices and share net asset values (NAV) can be found on this page. An investment trust is a public limited company, the shares of which are traded on the main market of the London Stock Exchange. Accordingly, the ability of shareholders to sell their shares will be dependent on the market price of the shares. The shares may trade at a discount or premium to their net asset value.
Latest NAVs
Latest Net Asset Values & Financial Information
| All data as at 17 July 2025 | Values |
|---|---|
| Ordinary Share NAV (excluding current year revenue) | 95.57p |
| Ordinary Share NAV (including current year revenue) | 101.35p |
| Zero Dividend Preference Share NAV (accrued entitlement per the Articles) | 107.33p |
| Zero Dividend Preference Share NAV (accounts basis) | 106.51p |
| Total net assets | £151.6m |
| Total Zero Dividend Preference Shares entitlement (accounts basis) | -£42.9m |
| Total Shareholders' funds (Ordinary Shares) | £108.8m |
Notes
Past performance is not a guide to future performance, or a reliable indicator of future results or performance.
Past performance is not a guide to future performance, or a reliable indicator of future results or performance.
Past Performance
Price – Ordinary Shares
Price – Zero Dividend Preference Shares
Past Performance
| Performance Period | NAV Ord | Share Price Ord | Share Price ZDP | Total Assets | DNSCI (XIC) |
|---|---|---|---|---|---|
| 1 Year to 30/06/2025 | 3.3 | (14.8) | 8.0 | 4.4 | 11.1 |
| Period to 30 June 2025 | DNSCI (XIC) | NAV Ord | Share Price Ord | Share Price ZDP | Total Assets |
|---|---|---|---|---|---|
| 1 year | 11.1 | 3.3 | (14.8) | 8.0 | 4.4 |
| Inception | 11.2 | 3.3 | (14.8) | 8.0 | 4.4 |
| Period to 30 June 2025 | NAV Ord | Share Price Ord | Share Price ZDP | Total Assets | DNSCI (XIC) |
|---|---|---|---|---|---|
| 1 year | 3.3 | (14.8) | 8.0 | 4.4 | 11.1 |
| Inception | 3.3 | (14.8) | 8.0 | 4.4 | 11.1 |
| Launch | 1.3 | (14.8) | 8.0 | 2.6 |
Notes
NAV Ord = the Trust’s net asset value per Ordinary Share with dividends reinvested.
Share Price Ord = the Trust’s Ordinary Share price with dividends reinvested.
Share Price ZDP = the Trust’s ZDP Share price.
Total Assets = represents the return of the combined funds of the Ordinary Shareholders and ZDP Shareholders assuming that dividends paid to Ordinary Shareholders were reinvested at the NAV per Ordinary Share at the close of business on the day the Ordinary Shares were quoted ex dividend.
DNSCI (XIC) = capital appreciation on the Deutsche Numis Smaller Companies Index (Excluding Investment Companies) with dividends reinvested. This comprises the bottom 10% of all UK quoted companies by market value which at 1 January 2025 included some 350 companies, the largest market capitalisation of which was £1,856m and the aggregate market capitalisation of which was £153bn.
Dates: Launch = 1 July 2024; Inception = 28 June 2024.
At inception an Ordinary Share had a NAV of 100p and a gearing level of 37.5%
At inception a ZDP Share had a NAV of 100p and a Redemption Yield of 7%.
Data relating to the hurdle rates, redemption yields and terminal asset values for the Zero Dividend Preference Shares is also available from the ZDP Analytics page in the “Interactive Statistics” section of the AIC website.
Past performance is not a guide to future performance, or a reliable indicator of future results or performance.
NAV Ord = the Trust’s net asset value per Ordinary Share with dividends reinvested.
Share Price Ord = the Trust’s Ordinary Share price with dividends reinvested.
Share Price ZDP = the Trust’s ZDP Share price.
Total Assets = represents the return of the combined funds of the Ordinary Shareholders and ZDP Shareholders assuming that dividends paid to Ordinary Shareholders were reinvested at the NAV per Ordinary Share at the close of business on the day the Ordinary Shares were quoted ex dividend.
DNSCI (XIC) = capital appreciation on the Deutsche Numis Smaller Companies Index (Excluding Investment Companies) with dividends reinvested. This comprises the bottom 10% of all UK quoted companies by market value which at 1 January 2025 included some 350 companies, the largest market capitalisation of which was £1,856m and the aggregate market capitalisation of which was £153bn.
Dates: Launch = 1 July 2024; Inception = 28 June 2024.
At inception an Ordinary Share had a NAV of 100p and a gearing level of 37.5%
At inception a ZDP Share had a NAV of 100p and a Redemption Yield of 7%.
Data relating to the hurdle rates, redemption yields and terminal asset values for the Zero Dividend Preference Shares is also available from the ZDP Analytics page in the “Interactive Statistics” section of the AIC website.
Past performance is not a guide to future performance, or a reliable indicator of future results or performance.
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Aberforth currently manages two investment trusts and one unit trust. All are managed in accordance with a value style and focus on UK smaller companies.
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