Seneca Global Income & Growth PLC Edison issues review on Seneca Global Income & Gro
October 25 2018 - 7:34AM
RNS Non-Regulatory
TIDMSIGT
Seneca Global Income & Growth PLC
25 October 2018
London, UK, 25 October 2018
Edison issues review on Seneca Global Income & Growth Trust
(SIGT)
Seneca Global Income & Growth Trust (SIGT) aims to generate
an average total return of at least CPI +6% pa, with low
volatility, over the course of a typical business cycle. It also
aims to grow its annual dividend at or above the rate of UK
inflation. SIGT's manager seeks undervalued investments across a
range of asset classes. It also uses tactical asset allocation
(TAA) in the context of a longer-term strategic asset allocation
(SAA). SIGT's investment team continues to find interesting
opportunities, researching niche assets that other managers may be
unable to consider.
SIGT introduced a discount control mechanism (DCM) in August
2016, since when its shares have traded close to NAV. The trust's
current 0.0% share price discount to cum-income NAV compares to
average premiums of 1.2% over the past 12 months and 0.5% over the
past three years. SIGT has a progressive dividend yield, aiming to
grow the annual distribution at least in line with UK inflation.
The trust's prospective dividend yield is 4.1%.
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