Title: 242358588.pdf

URL Source: https://documentscdn.financialexpress.net/Literature/C6E9D04E38AF1EA33D5F98FAEAB1D50E/242358588.pdf

Number of Pages: 1

Markdown Content:
MIGO OPPORTUNITIES TRUST 

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Capital Structure 

Ordinary Shares 16,971,542 

Shares held in Treasury -

BoE Base Rate + 4.22% Credit Facility 1 £10,000,000 

Gross Assets/Net Gearing 

Gross Assets £80.1m 

Gearing (net) 2 6.2% 

All performance shown net of fees in GBP Total Return as of Source : Morningstar . *Since Relaunch . Performance since the MIGO relaunch on 18 th June 2025 .,

**SONIA +2% Sterling Overnight Interbank Average administered by the Bank of England . ***Deutsche Numis All Share index including investment companies Total Return .80 

100 

120 

140 

160 

180 

200 

220 

240 

260 

2016 2018 2020 2022 2024 2026 

NAV Total Return over 10 Years (GBP) 

MIGO Share Price MIGO NAV 

SONIA Numis All Share 

+146% 

+129% 

+133% 

+47% 

Investment Objective : To outperform SONIA* plus 2% over the longer term, principally through exploiting 

the pricing of closed -end funds .

THE TRUST 

NAV p/s (pence) Share Price (pence)  Prem./(Disc.) 

Net Performance (GBP) April 2026 398.5 413.1 (3.5)% 30/04/2026. 

Investment Managers – Tom Treanor & Charlotte Cuthbertson 

AVI Ltd. +44 20 7659 4800 

The share price can be found in  London Stock Exchange  Trading as:  MIGO 

Information may be found on the following websites: 

www.migoplc.co.uk 

www.assetvalueinvestors.com 

IMPORTANT INFORMATION 

All figures are as at the period under review unless otherwise stated . All sources Asset Value Investors Ltd (“AVI”) unless otherwise stated . AVI is authorised and regulated by the 

Financial Conduct Authority of the United Kingdom (the "FCA"), reference number 119270 and is a registered investment adviser with the Securities and Exchange Commission of 

the United States . While AVI is registered with the SEC as an investment adviser, it does not comply with the Advisers Act with regard to its non -U.S. clients . This document does 

not constitute an offer to buy or sell shares in MIGO Opportunities Trust (the "Trust") . The contents of this message are not intended to constitute, and should not be construed as, 

investment advice . Potential investors in the Trust should seek their own independent financial advice . AVI neither provides investment advice to, nor receives and transmits orders 

from, investors in the Fund . Past performance is not an indicator of future results and you may not get back the original amount invested .

## TRUST DETAILS 

# MIGO OPPORTUNITIES TRUST 

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Total Returns (%) 1M 1Y 3Y 5Y 10Y SR* 

Share Price 5.1 21.9 26.5 16.6 145.6 12.7 

NAV p/s 2.8 20.6 27.1 20.9 129.1 10.1 

SONIA +2%** 0.5 6.2 22.1 30.6 47.0 5.3 

Numis All Share*** 3.2 26.9 47.1 62.1 133.1 20.3 30/04/2026 30/04/2026 

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The amount drawn as at is £10 m. Cost of borrowing is Bank of 

England base rate +4.22 % on any drawn balance and 1.45 % commitment fee on 

undrawn amounts 

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Net gearing at fair value 

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Value owned by AVI Ltd & AVI Ltd employees as at Trust Facts 

Launch Date 06-Apr-04 

Net Assets £70.1m 

Investment Manager Asset Value Investors Limited 

Value Owned by AVI 3 £1,278,898 

Shareholder Services Link Asset Services Annual Management Fee 0.35% Performance Fee 15% of return over SONIA +3% Ticker Code MIGO.LN ISIN GB0034365949