Edison issues research update on MRCH

RNS Number : 9638I

Merchants Trust PLC

05 June 2014

 

London, UK, 5 June 2014

Edison issues research update on The Merchants Trust

Edison Investment Research, a leading international investment research firm, has released a new report on The Merchants Trust (LSE: MRCH), an LSE-listed investment trust focused on investing in higher-yielding UK FTSE 100 companies

Our comprehensive report, Large-cap contrarian with above-average yield, highlights that The Merchants Trust (MRCH) has taken a contrarian, value-driven approach to investing in mainly large-cap UK companies, with the aim of achieving a high and growing income and capital growth. Managed by Allianz Global Investors and its precursor companies since launch in 1889, it has evolved from a diversified global portfolio to a focused UK specialist, and is the only trust in its peer group with a FTSE 100 index benchmark. It has beaten the index in price and NAV terms in three of the last four years to 31 May, and its 4.6% yield is among the highest in its sector. With its dividend - which has a 32-year record of growth - now fully covered by income, it has recently been issuing shares at a premium to NAV.

For the full report see:

www.edisoninvestmentresearch.com/research/company/Merchants-Trust

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

Overview of Company: MRCH's investment objective is to provide an above-average level of income and income growth, together with long-term growth of capital through investing mainly in higher-yielding UK FTSE 100 companies. The benchmark index is the FTSE 100 index.

About Edison: Edison, the investment intelligence firm, is the future of investor interaction with corporates. Our team of over 100 analysts and investment professionals works with leading companies, fund managers and investment banks worldwide to support its capital markets activity. We provide services to more than 400 retained corporate and investor clients from our offices in London, New York, Frankfurt, Sydney and Wellington. Edison is authorised and regulated by the Financial Conduct Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584).

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: 

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