Edison update on Seneca Global Income & Growth

RNS Number : 0319S

Seneca Global Income & Growth PLC

02 July 2015

 

London, UK, 2 July 2015

Edison issues research update on Seneca Global Income & Growth Trust

Seneca Global Income & Growth Trust (SIGT) is an actively managed closed-ended global income fund differentiated from the majority of peers by its multi-asset approach. SIGT's NAV total return has outperformed its absolute benchmark as well as the FTSE All-Share index and the peer group average over one and three years and since its investment mandate change in January 2012, with significantly lower than average volatility. Paying quarterly, SIGT aims to pursue a progressive dividend policy and has a prospective 4% yield.

Although subject to some fluctuation, SIGT's share price discount to cum-income NAV has narrowed substantially from 16% in mid-2012 to the current level of c 1%. The strength in recent NAV performance and 4% prospective yield suggest this narrowing can be maintained.  

For the full report see:

http://www.edisoninvestmentresearch.com/research/report/seneca-global-income-growth-trust1

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