The Trust is seeking to pay a stable and consistent monthly distribution equivalent to at least 5.25% p.a. and to generate a moderately accretive NAV over the long-term. The Investment Manager seeks to do so with a strong emphasis on capital preservation and downside risk mitigation and, historically, has delivered on this performance objective.

Latest News on the LIC Sector together with our review of the LICs including those not covered by IIR.

The Fund is managed by an experienced and stable senior team that has a significant alignment of interest with investors by way of equity ownership in PM Capital and significant co-investment in the Fund. The Fund provides a differentiated product offering, with selective and concentrated long term investments providing genuine diversification for the client.

IIR collects its own data in the sector and provides insights into this increasingly growing and popular sector.

The portfolio will be managed using a combination of the Manager’s proprietary market-driven and research-driven investment approaches, which are used to manage the portfolios of six other LICs, including WAA, WAM, WAX, WLE, WMI and CYA. The Manager has the ability to short stocks, however, we expect the portfolio to have a long bias with minimal short exposure at any given time.