Annual results announced
Securities Trust of Scotland has announced positive results for the 12-month period ending 31 March 2019.
21 June 2019
Past performance is not a guide to future returns
Rachel Beagles, Chairman, commented: "The increase in investment income is pleasing to see and is a consequence of the portfolio manager’s focus on investing in stocks with both income and growth characteristics.
Having served nine years on the board of Securities Trust of Scotland, I will retire from the board following the AGM in September and John Evans will succeed me as Chairman. John is a highly experienced director and chairman and I know that shareholders will be very well served under his
leadership. I have enjoyed meeting many of our shareholders whilst I have been Chairman and I would like to thank you for your support for the company during this period."
Past performance is not a guide to future returns.
The value of investments and the income from them may go down as well as up and is not guaranteed. An investor may not get back the amount originally invested.
The majority of charges will be deducted from the capital of the company. This will constrain capital growth of the company in order to maintain the income streams.
Source: Martin Currie, for the six months period to 31 March 2019.
The yield reflects dividends declared over the past 12 months as a percentage of the mid-market share price, as at 30 September 2018. Investors may be subject to tax on their dividends.
*On 1 June 2016 Securities Trust of Scotland changed from benchmarking performance against the MSCI World High Dividend Yield index to an unconstrained strategy measured against the performance of the median of the peer group which consists of the AIC Global Equity Income sector combined with actively managed ICVC, SICAV or OEIC funds from Lipper Global – Global Equity Income sector. Performance is measured against the median of this peer group.