TIDMLWDB

Law Debenture Corp PLC

09 August 2023

London, UK, 9 August 2023

Edison issues update on The Law Debenture Corporation (LWDB)

The Law Debenture Corporation (LWDB) continued to successfully navigate challenging conditions in H123, growing its professional services business (IPS) in line with its mid to high single-digit target, while consolidating its strong, long-term performance record. This rare combination of a UK investment trust and the cash-generative IPS operating business has delivered outperformance of its broad UK equity benchmark over multiple periods with a strong record of dividend growth.

The portfolio is 84% invested in UK equities despite investment policy flexibility for overseas investment of up to 45%. The managers note that UK equities are not only lowly valued versus global markets but also at the lowest level for 30 years. They see strong opportunities across the market but particularly, in contrarian fashion, in heavily sold domestic earners, especially among smaller stocks. They note that while the UK economy faces a number of pressures, growth has held up better than had been expected and moderating inflation may soon signal a peak in interest rates. Regardless, they are focused on companies rather than the economy and identify many quality, well-managed businesses, with strong prospects that are far from reflected in their valuations.

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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 company in-market 17 years ago, Edison has more than 100 employees and covers every economic sector. Headquartered in London, Edison also has offices in New York, Sydney and Wellington.

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:

Martyn King +44 (0)20 3681 5700 investmenttrusts@edisongroup.com

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(END) Dow Jones Newswires

August 09, 2023 02:00 ET (06:00 GMT)

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