TIDMEAT

European Assets Trust PLC

22 September 2021

London, UK, 22 September 2021

Edison issues review on European Assets Trust (EAT)

European Assets Trust (EAT) aims to achieve long-term growth of capital through investments in smaller European companies (excluding the UK). EAT's managers Sam Cosh and Lucy Morris believe such companies are often not well-researched or appreciated. This leads to market inefficiencies, which Cosh and Morris seek to exploit to deliver a superior long-term investment performance. The managers grasped the opportunities created by last year's sharp market sell-off to add new names at attractive prices. These changes are now paying off. The trust has performed particularly strongly in absolute terms over the past year and outperformed the benchmark significantly over one, three and 10 years. The managers are confident that their approach is the best way to keep delivering attractive returns to shareholders, not just for now, but also over the long term. The trust has a high distribution policy that pays a dividend of 6% of NAV as at the end of the preceding financial year - by far the highest yield in its sector.

The improvement in EAT's performance has seen its share price discount to cum-income NAV narrow significantly in recent months. It is currently trading at a 5.4% discount and there is scope for further narrowing if its performance remains robust.

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About Edison: E dison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.

Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney.

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For more information, please contact Edison:

Joanne Collins +44 (0)20 3077 5700 investmenttrusts@edisongroup.com

Mel Jenner +44 (0)20 3077 5720 investmenttrusts@edisongroup.com

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September 22, 2021 02:00 ET (06:00 GMT)

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