RCS - Witan Inv Tst PLC - Edison issues review on Witan Investment Trust

Witan Investment TrustAnnouncement

14/10/2019 16:45

RNS Number : 8315P
Witan Investment Trust PLC
14 October 2019
 


 
London, UK, 14 October 2019
Edison issues review on Witan Investment Trust (WTAN)
Witan Investment Trust (WTAN) employs a multi-manager strategy providing a 'one-stop shop' for exposure to global markets. The trust's investment director James Hart highlights WTAN's robust revenue stream, which is underpinned by a portfolio of high-quality companies with long-term growth potential. The trust's annual dividends have compounded by 8.7% pa over the last 10 years and by an enhanced 10.3% pa over the last five. Hart says that although expectations have moderated, the outlook for growth remains favourable, which is positive for the long-term, patient investor, despite shorter-term periods of stock market volatility.
 
The board regularly repurchases WTAN's shares to ensure they continue to trade at a sustainable low discount (or premium) to NAV. The trust's current 2.9% share price discount to cum-income NAV compares with the 2.5% to 2.7% range of average discounts over the last one, three and five years. WTAN has a progressive dividend policy and is heading for a 45-year run of higher annual payments; its current yield is 2.3%.

Click here to view the full report.
 
All reports published by Edison are available to download free of charge from its website
www.edisongroup.com
About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
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.
For more information please contact Edison:
Mel Jenner, +44 (0)20 3077 5720
Sarah Godfrey, +44 (0)20 3681 2519
investmenttrusts@edisongroup.com
 
Learn more at www.edisongroup.com and connect with Edison on: 
LinkedIn        https://www.linkedin.com/company/edison-investment-research 
Twitter           www.twitter.com/Edison_Inv_Res 
YouTube       www.youtube.com/edisonitv 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
NRAFFFFILFUSELS