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    • enthusiasticsaver
    • By enthusiasticsaver 11th May 18, 1:28 PM
    • 7,927Posts
    • 17,777Thanks
    Premier multi asset monthly income dividend
    • #1
    • 11th May 18, 1:28 PM
    Premier multi asset monthly income dividend 11th May 18 at 1:28 PM
    I have held units in Premier multi asset monthly income fund since last August and normally the dividend arrives at the beginning of the month with the XD date being from the month before. No problems up until this month when it was not paid out as usual. I phone Halifax share dealing after checking online that it was not showing as being paid and they said there is a problem this month with this particular fund and Premier Management have not sent it so not just my particular account affected. Anyone else have this fund and a similar problem?
    Early retired in December 2017

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    • coldstar99
    • By coldstar99 11th May 18, 2:47 PM
    • 1 Posts
    • 1 Thanks
    • #2
    • 11th May 18, 2:47 PM
    I have the same issue
    • #2
    • 11th May 18, 2:47 PM
    I also have Premier multi asset monthly income fund and have experienced the same problem. Monthly dividend is usually paid last day of the month, as of today, 11th May, no payment has been made. I am with A J Bell Youinvest and sent them a message about this a few days ago, it took 3 attempts before they could be persuaded to reply to me but I got a reply today stating that payments from this and other funds have yet to be paid by the Funds Manager (presumably this means Premier Asset Management) and they are "being actively chased on multiple funds as the income payments are significantly overdue".

    This seems very worrying to me, how can a big fund manager suddenly stop paying Dividends? Cant find anything about this on their web site and haven't seen anything on Financial News sites.

    They make up about 8% of my SIPP in Drawdown and I am considering selling my holding in this fund if we don't get a quick resolution and reasonable explanation!
    • xylophone
    • By xylophone 11th May 18, 3:29 PM
    • 28,332 Posts
    • 17,141 Thanks
    • #3
    • 11th May 18, 3:29 PM
    • #3
    • 11th May 18, 3:29 PM
    Yes indeedy....

    post 12 and 14 - I spoke to IWeb this morning - they are chasing CoFunds for the dividends......
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