European Assets Trust NV Edison issues review on European Assets Trust

TIDMEAT

European Assets Trust NV

11 July 2018

London, UK, 11 July 2018

Edison issues review on European Assets Trust (EAT)

European Assets Trust (EAT) aims to achieve capital growth through investing in listed small- and medium-sized companies in Europe, excluding the UK. It is also focused on capital preservation, seeking quality companies with strong business models and balance sheets that can sustain long-term earnings growth through economic cycles. The trust has delivered annualised NAV total returns of 11.2% over the past 10 years, while a high payout policy supports a generous yield, currently 6.2%. Leading indicators suggest that Europe's recovery, which started later than many major economies, remains embedded. Notwithstanding higher equities valuations, the manager continues to find attractive investment ideas and is focused on companies' structural growth characteristics.

EAT currently trades at a 5.0% discount to its cum-income NAV, which is below the three-year average of 0.9%. Supported by the board's high dividend payout policy, the trust typically trades close to its NAV, and has often traded at a premium. EAT's current dividend yield of 6.2% is significantly above those of its peers.

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July 11, 2018 10:50 ET (14:50 GMT)