John Evans commented:
I am delighted to have been appointed Chairman of Securities Trust of Scotland.
It’s a positive period for STS with top quartile performance driving increased demand* and, with my colleagues on the Board, I look forward to contributing to the future of the company.
The board thanks Rachel Beagles for her commitment over the past nine years, serving the last three as Chairman. Rachel’s combination of talent, experience and energy has been incredibly valuable, and I believe that the company and its shareholders have benefitted greatly under her leadership.
Regulatory information and risk warnings
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.
* Source: Martin Currie as at 31 August 2019. The peer group is made up of all relevant open and closed-ended peers (sourced from the Morningstar Global Equity Income Sector and Association of Investment Companies (‘AIC’) Global Equity Income Sector). Increased demand is evidenced by the closing of the discount (on a cum income basis) from -7.4% as at 3 September 2018 to -4.4% as at 11 September 2019.