Utilico Emerging Markets Trust PLC Edison issues review on Utilico Emerging Markets..

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Utilico Emerging Markets Trust PLC

17 September 2018

London, UK, 17 September 2018

Edison issues review on Utilico Emerging Markets Trust (UEM)

Utilico Emerging Markets Trust (UEM) is a specialist fund focusing on infrastructure and utility investment in emerging market equities. In April 2018, UEM completed its re-domicile from a Bermuda-based investment company to a UK-based investment trust, in order to benefit from the UK's increasingly supportive regulatory and tax environment. There is no change to UEM's investment approach or dividend policy. Also, following the final exercise of its subscription shares, UEM now has a simpler capital structure. The board believes that these changes have potential to improve investor perception and, over time, lead to a narrower discount.

UEM's current 11.7% share price discount to cum-income NAV compares with the 9.1% to 12.6% range of averages over the past one, three, five and 10 years. The trust's simplified structure may support a narrowing of the discount as investor sentiment towards emerging market improves or the trust's performance improves relative to the wider emerging markets universe. UEM's board adopts a progressive dividend policy and has raised the annual distribution every year since the fund was launched in 2005; the trust's current yield is 3.6%.

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September 17, 2018 08:13 ET (12:13 GMT)