TIDMLWI

Lowland Investment Co PLC

15 June 2016

London, UK, 15 June 2016

Edison issues research review on Lowland Investment Company

Lowland Investment Company (LWI) invests across the UK equity market (with a small proportion in overseas stocks) to achieve above-average total returns. While it is a member of the UK Equity Income sector, its managers have a greater focus on capital growth, which drives dividend growth, in order to secure a rising income for the trust over time. In the past five years it has produced compound annual dividend growth of 7.9% and currently yields 3.7%. Long-term performance has been comfortably ahead of the FTSE All-Share Index benchmark, driven by the managers' focus on underappreciated recovery situations and a significant weighting towards mid-cap and smaller companies (two-thirds of the portfolio). Lead manager James Henderson has been in position since 1990 and the trust has been managed by Henderson Global Investors since its launch in 1963.

At 14 June LWI's shares traded at a 9.7% discount to cum-income NAV. This is wider than the averages over one, three and five years (2.3%, 0.5% and 1.8%), but lower than the five-year widest point of 10.9% reached in early March. Sentiment towards UK equity investment trusts - particularly those with a more domestic focus - has been affected by nerves ahead of the EU referendum; a vote to remain could see discounts narrow, as well as providing a potential boost to underlying holdings. LWI also has a 39-year record of maintaining or growing its dividend year-on-year.

Click here to view the full report

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

About Edison: Edison is an international equity research firm with a team of over 110 analysts, investment and roadshow professionals and works with both large and smaller capitalised companies, blue chip institutional investors, wealth managers, private equity and corporate finance houses to support their capital markets activity. Edison provides services to more than 420 retained corporate and investor clients from offices in London, New York, Frankfurt, Sydney and Wellington. 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.

Contact details: Learn more at www.edisongroup.com and connect with Edison on:

 
 LinkedIn   www.linkedin.com/company/edison-investment-research 
---------  ---------------------------------------------------- 
 Twitter    www.twitter.com/Edison_Inv_Res 
---------  ---------------------------------------------------- 
 YouTube    www.youtube.com/edisonitv 
---------  ---------------------------------------------------- 
 Google+    https://plus.google.com/105425025202328783163/posts 
---------  ----------------------------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

NRABGGDLGGBBGLU

(END) Dow Jones Newswires

June 15, 2016 06:01 ET (10:01 GMT)

Lowland Investment (LSE:LWI)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Lowland Investment Charts.
Lowland Investment (LSE:LWI)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Lowland Investment Charts.