Edison issues update on Lowland IC
15/08/2023 07:15
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230815:nRSO2690Ja&default-theme=true RNS Number : 2690J Lowland Investment Co PLC 15 August 2023 London, UK, 15 August 2023 Edison issues update on Lowland Investment Company (LWI) Lowland Investment Company (LWI) targets above-average total returns, from a combination of capital and income, with a multi-cap investment policy that differentiates it from most peers in the UK Equity Income sector. Within its broad range of investment opportunities, selected large caps provide more immediate income, often with defensive characteristics, while small and mid-caps offer faster growth in income and dividends over time. LWI has a long track record of progressive dividends, which have grown c 7% pa over 10 years, and currently offers an attractive 5.2% yield. While investor focus on large-cap stocks, often with global businesses, has created a headwind for LWI's multi-cap approach and five-year NAV total return, the managers anticipate a broadening of market performance. As they have observed in previous cycles, the managers expect market leadership to broaden as confidence grows. They believe that the market de-rating of SME companies is already discounting a severe recession, and often ignores robust performances and strong prospects. Stubborn inflation is yet to signal the peak in interest rates, making the timing of an SME recovery difficult to predict, but low valuations should mitigate further weakness and may attract further takeover activity. The potential for an SME recovery makes LWI an interesting complement to more mainstream trusts and a narrowing of the 10% discount to NAV would enhance shareholder returns. Click here (https://www.edisongroup.com/research/capital-growth-to-follow-income/32600/) to view the full report. All reports published by Edison are available to download free of charge from its website www.edisongroup.com (http://www.edisongroup.com) About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings. Having been the first company in-market 17 years ago, Edison has more than 100 employees and covers every economic sector. Headquartered in London, Edison also has offices in New York, Sydney and Wellington. Edison is authorised and regulated by the Financial Conduct Authority (https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000MfYL6AAN) . 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: Martyn King +44 (0)798 6268 072 investmenttrusts@edisongroup.com (mailto:investmenttrusts@edisongroup.com) Learn more at www.edisongroup.com (http://www.edisongroup.com) and connect with Edison on: LinkedIn www.linkedin.com/company/edison-group-/ (http://www.linkedin.com/company/edison-group-/) Twitter www.twitter.com/Edison_Inv_Res (http://www.twitter.com/Edison_Inv_Res) YouTube www.youtube.com/edisonitv (http://www.youtube.com/edisonitv) This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy) . END NRAPIMITMTJBBFJ