Aberdeen Diversified I&G Trust PLC Edison review on Aberdeen Diversified I&G Trust

TIDMADIG

Aberdeen Diversified I&G Trust PLC

27 September 2019

London, UK, 27 September 2019

Edison issues review on Aberdeen Diversified Income and Growth Trust (ADIG)

Aberdeen Diversified Income and Growth Trust (ADIG) continues to progress towards full implementation of its strategy, aiming to achieve attractive capital and income returns (five-year target of Libor +5.5% pa, net of fees) from a widely diversified multi-asset portfolio, including a significant allocation to less liquid, longer-term investments that individual investors would be unlikely or unable to access. Portfolio managers Mike Brooks and Tony Foster at Aberdeen Standard Investments (ASI) say half the funds committed to these long-term strategies have now been drawn, with the pace of investment from underlying managers stepping up over the summer. As the portfolio develops towards its intended shape, there is scope for the current wider-than-average discount to narrow materially. ADIG's shares have an FY19 prospective yield of 5.0%.

At 26 September 2019, ADIG's shares traded at a 9.2% discount to cum-income NAV. While this was narrower than the recent one-year high of 11.8%, it is wider than both short- and long-term averages (range of 3.2% to 4.8%). With disappointing performance from holdings in insurance-linked securities and litigation finance now arguably fully reflected in the price, there is scope for the discount to narrow as the portfolio progresses. Meanwhile, the shares yield an attractive 5.0% (prospective).

Click here to view the full report.

Subscribe to Edison's content to receive reports by email.

All reports published by Edison are free-to-access and available on the website.

About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information please contact Edison:

Sarah Godfrey, +44 (0)20 3681 2519

investmenttrusts@edisongroup.com

Learn more at www.edisongroup.com and connect with Edison on:

   LinkedIn        https://www.linkedin.com/company/edison-group- 
   Twitter           www.twitter.com/Edison_Inv_Res 
   YouTube       www.youtube.com/edisonitv

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

NRAPGUGCBUPBGCM

(END) Dow Jones Newswires

September 27, 2019 10:43 ET (14:43 GMT)

Blackrock Income Strategies Trus (LSE:BIST)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024