Our plan with NAB and Clydesdale

We’ll sell the demerged Clydesdale component and take the cash for the benefit of our income portfolio.

Summary: Investors holding NAB shares would have received one CDI in the LSE listed CYBG for every four NAB shares held as a result of NAB's demerger of Clydesdale. We have decided to sell this CYBG holding as it has never been a central reason for investing in NAB, and it looks unlikely to pay a dividend until September 2017. As such, we are happy to take the cash.

Key take out: We have opted to sell the Income First model portfolio’s holdings in CYB, which have come out of NAB’s demerger, and retain the proceeds in cash. We are happy to continue holding an underweight exposure to banks in the portfolio.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles