Aberdeen New Thai Inv Trust PLC Edison issues review on Aberdeen New Thai InvTrust

TIDMANW

Aberdeen New Thai Inv Trust PLC

21 May 2018

London, UK, 21 May 2018

Edison issues review on Aberdeen New Thai Investment Trust (ANW)

Aberdeen New Thai Investment Trust (ANW) is the only London-listed investment trust focused on Thailand. The manager follows a disciplined, bottom-up investment approach to find quality companies that are attractively valued. Through its investments, the trust also provides exposure to Thailand's fast-growing neighbours of Cambodia, Laos, Myanmar and Vietnam. Launched in 1989, ANW has delivered strong absolute long-term returns; since inception to end-April 2018, the trust has achieved an annualised NAV total return of 14.4%. However, in more recent years, returns have lagged the benchmark and the shares have persistently traded at a meaningful discount to cum-income NAV. On 2 May 2018, the board proposed a number of changes to address these issues.

ANW's current discount to cum-income NAV of 14.7% is below the three-year average of 15.7%. There is scope for the discount to narrow if the recently proposed changes are successful in improving the trust's performance and dividend yield, helping to retain existing shareholders and attract a broader base of new investors.

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May 21, 2018 04:18 ET (08:18 GMT)