Seneca Global Income & Growth PLC Update research from QuotedData
April 24 2020 - 6:18AM
RNS Non-Regulatory
TIDMSIGT
Seneca Global Income & Growth PLC
24 April 2020
Seneca Global Income & Growth - Update research from
QuotedData
24(th) April 2020
Triple whammy but standing by the dividend
The outbreak of covid-19 has taken the wind out of global
markets and Seneca Global Income & Growth Trust (SIGT) has not
been immune to this; its net asset value (NAV) has fallen 30.4%
during the first quarter of 2020 (23.6% in March - all in total
return terms). It has suffered a triple whammy from its UK-biased
value style, its mid cap exposure and the correlation of
alternative asset fund prices to equity markets, but its board has
said that it intends to maintain the quarterly dividend rate at
1.68p per share for the time being.
Full research:
https://quoteddata.com/research/seneca-global-income-growth-triple-whammy-standing-dividend/
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END
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