Cantor Fitzgerald research on Seneca Global Income

RNS Number : 5741T

Seneca Global Income & Growth PLC

04 July 2018

 

Seneca Global Income & Growth Trust plc

To:                    RNS

From:                Seneca Global Income & Growth Trust plc

LEI:                  213800OQTUSRFDIL9L29

Date:                4 July 2018

Updated Research by Cantor Fitzgerald on Seneca Global Income & Growth Trust plc

Seneca Global Income & Growth Trust plc (SIGT) has generated equity-competitive risk-adjusted returns alongside an attractive dividend yield from applying Seneca's multi-asset value investing approach.  This has helped SIGT to sustain its premium rating and share issuance, with a visible pathway to reaching the £100m market cap threshold. The tactical asset allocation has been shifting away from equities, particularly within developed markets, as the managers grow cautious of the maturing economic cycle. This is consistent with the team's systematic approach to portfolio management. Finally, there is the potential IPO of unquoted holding AJ Bell, which represented c. 3.2% of assets as at 31 May 2018.

If you are a Relevant Person (as defined below) and have not already received a copy of the research note (dated 19 June 2018), please contact Cantor Fitzgerald Europe:

Richard Harris                 [phone]

Andrew Davey                 [phone]

Richard Sloss                  [phone]

If you receive the research note, your attention is drawn to the disclaimer at the end of the research note.

For further information please contact:

David Thomas      Seneca Investment Managers Ltd          0151 906 2480

Important Notes

The research note to which this announcement refers has been approved in the UK by Cantor Fitzgerald Europe solely for the purpose of section 21 of the Financial Services and Markets Act 2000.  In the UK, the research note is directed at and is for distribution only to persons who (i) fall within Article 19(1) (persons who have professional experience in matters relating to investments) or Article 49(2)(a) to (d) (high net worth companies, unincorporated associations etc.) of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (as amended) or (ii) are professional customers or eligible counterparties of Cantor Fitzgerald Europe (all such persons together being referred to as "Relevant Persons").

Cantor Fitzgerald Europe is authorised and regulated in the UK by the Financial Conduct Authority.

 

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