Edison issues review on Seneca Global Income & Gro

RNS Number : 1987F

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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