UnaVida | Dunedin Enterprise Investment Trust (DNE)

Dunedin Enterprise Investment Trust (DNE)

Dunedin Enterprise Investment Trust PLC was established in 1973 and provides equity finance for management buyouts, management buy-ins and growing businesses worth £20-£200M.

Their stated investment objective is to achieve substantial long-term capital growth from our investments and we aim to achieve a rate of return on equity in excess of 8% per annum over the long-term.

Dunedin Enterprise is the only UK listed investment trust with an ongoing mandate to invest exclusively in the UK lower mid-market.

Sadly, it has become the latest private equity fund to throw in the towel.

After the disposal of its largest investment, CitySprint (a same-day distribution firm), shareholders voted to adopt a managed wind-down strategy.

CitySprint, made DNE 2.75x its money over five years and it might seem strange that a fund that can make that sort of money should feel it needs to wind up.

As we pointed out to clients of our bespoke investment planning In October this year, DNE has been boosted by the realisation of its holding in Alpha Financial Markets Consulting.

Clients who followed our advice will shortly be collecting a capital distribution of £1 plus a 13.25p dividend per share.

Naturally we are pleased that we recommended this investment to our clients, although new prospective investors should probably steer clear of this investment now.

You will be pleased to know that we are looking at a further 5 special situations involving investment trusts currently, where we believe additional value can be obtained.


Please note investment trusts are often leveraged, discounts can provide for additional profit or loss, always act under advice. Investment trusts should form part of a properly balanced investment portfolio.

Registered in England and Wales. Registered Number 5553273.
Registered Address: 8f Millars Brook, Molly Millars Lane, Wokingham, Berkshire, RG41 2AD.

A pension is a long-term investment that typically cannot be accessed until age 55 (57 from April 2028). The level of pension benefits offered could change depending on the value of your investments (and any income they may generate).

The interest rates in effect at the time you begin receiving benefits may also have an impact on your pension income. The tax consequences of pension withdrawals will depend on your unique situation. In later Finance Acts, tax rates, tax bases, and tax relief may change.

The opinions expressed by Ray Best are meant to inform and educate. Before making any investment decisions always take advice that is pertinent to your investment personality and financial situation.

You are aware that past performance will not necessarily be repeated in the future, but you should be aware that persistent poor performance invariably will.

The value of an investment and the income from it could go down as well as up.

The return at the end of the investment period is not guaranteed and you may get back less than you originally invested.

UnaVida Wealth Management Ltd. is directly authorised and regulated by the Financial Conduct Authority (440577).

The guidance in this website is primarily aimed at a UK audience and is subject to regulation by the Financial Conduct Authority (FCA).

The Financial Conduct Authority does not regulate tax planning, estate planning, or wills and any form of legal documentation.