Edison issues update - The Bankers Investment Trst

RNS Number : 0353S

Bankers Investment Trust PLC

14 March 2016

 

London, UK, 14 March 2016

Edison issues research update on The Bankers Investment Trust

The Bankers Investment Trust (BNKR) is a long-established, globally invested fund with a focus on achieving long-term capital growth greater than that of the FTSE All-Share index, and above-inflation dividend growth. Lead manager Alex Crooke makes use of the substantial resources of Henderson Global Investors, delegating ex-UK stock selection to regional specialists. BNKR has recently achieved its 49th consecutive annual dividend increase, the joint-longest record in the investment company sector. A proposal to merge its stablemate Henderson Global Trust with Henderson International Income Trust could see BNKR - which will be offered as a rollover option to investors who wish to retain a global growth mandate - receive a boost to its assets under management.

At 11 March 2016 BNKR's shares traded at a 6.3% discount to cum-income net asset value, narrower than the three-year widest point of 8.9% reached in mid-February but above the three-year average of 1.8%. The widening has largely occurred since the start of the year as investor risk aversion has risen. Having issued shares in order to manage a premium over the past two-and-a-half years, the board has recently undertaken four share buybacks to help manage the discount.

Click here to view the full report

All reports published by Edison are available to download free of charge from its website: www.edisoninvestmentresearch.com

About Edison: We are an international equity advisory firm. We enable our client companies to achieve their capital market objectives. The team is made up of more than 80 analysts and investment professionals with many decades of experience. Our extensive company knowledge and industry expertise spans 10 business sectors and more than 700 listed companies globally. We give our corporate clients and investors privileged insight into global investment trends. Our distribution capability is key to ensuring that a global investor audience can access our investment knowledge. 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.

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

LinkedIn	www.linkedin.com/company/edison-investment-research
Twitter	www.twitter.com/Edison_Inv_Res
YouTube	www.youtube.com/edisonitv
Google+	https://plus.google.com/105425025202328783163/posts

 

END

 

 

NRAGGUWWWUPQGCC