Providing explicit commentary in this area would be a step in the right direction
Thursday 01 Apr 2021 Author: Martin Gamble
Given the extraordinary events over the last year which resulted in UK dividends falling an unprecedented 44.1%, research group Stifel argues more transparency is needed on reported dividend cover at investment trusts. One of the advantages that investment trusts have over open-ended funds is their ability to ‘dip into’ revenue reserves in rainy day years to top-up any shortfalls in income from their investee companies. So despite the carnage...