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.

   Click here to view the full report or   here   to sign up to receive research as it is published. 

All reports published by Edison are available to download free of charge from its website

www.edisongroup.com

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.

Edison is authorised and regulated by the Financial Conduct Authority .

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

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

   Learn more at   www.edisongroup.com and connect with Edison on: 
   LinkedIn        https://www.linkedin.com/company/edison-group-/ 
   Twitter            www.twitter.com/Edison_Inv_Res 
   YouTube        www.youtube.com/edisonitv 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAFLFLLAAILFIL

(END) Dow Jones Newswires

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

European Assets (LSE:EAT)
Historical Stock Chart
From Nov 2021 to Dec 2021 Click Here for more European Assets Charts.
European Assets (LSE:EAT)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more European Assets Charts.