Law Debenture Corp PLC Edison issues review on Law Debenture Corporation
September 26 2017 - 12:38PM
RNS Non-Regulatory
TIDMLWDB
Law Debenture Corp PLC
26 September 2017
London, UK, 26 September 2017
Edison issues review on The Law Debenture Corporation (LWDB)
The Law Debenture Corporation (LWDB) is differentiated by being
both an investment trust with a diversified portfolio of global
equities and a leading provider of independent professional
services through its IPS subsidiaries. The bottom-up managed
portfolio is globally diversified with a strong bias towards UK
equities. IPS is highly profitable, regularly providing revenue
earnings well ahead of its share of NAV, supporting a strong track
record of dividend growth and allowing greater flexibility within
the portfolio to pursue high-return but lower yield investments.
LWDB is benchmarked against the FTSE All-Share index, which it has
outperformed over one, three, five and 10 years. Ongoing charges
are competitive and the 2.8% yield is one of the highest in the
sector.
At 7.8%, LWDB's share price discount to fair value cum-income
NAV has narrowed since the first time publication of an IPS fair
value in early 2016, but remains above the peer group average. A
2.8% dividend yield ranks third highest among the sector's 24
trusts, providing support for a potential discount narrowing.
Click here to view the full report.
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For more information please contact Edison:
Martyn King, +44 (0)20 3077 5700
Sarah Godfrey, +44 (0)20 3681 2519
Investmenttrusts@edisongroup.com
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