Funds & ETFs 

Law Debenture Corporation can look to growth to create an income

Law Debenture Corporation can look to growth to create an income

This year’s dividends cuts and suspensions have not been helpful to managers of UK equity income funds. But they have been less of a concern to James Henderson, co-manager of Law Debenture Corporation (LWDB). This is in part because alongside its investment portfolio, the trust has a professional services business that accounted for around 15 per cent of its net asset value (NAV) at the end of last year. Over the 10 years to 31 December 2019, 35 per cent of the trust's dividends have been funded by the professional services business.

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