The Law Debenture Corporation: A highly differentiated and unique investment proposition
The Law Debenture Corporation: A highly differentiated and unique investment proposition
21 May 2021
The Law Debenture Corporation (LWDB) combines two distinct, but highly complementary components: independent professional services (IPS), 17% of NAV and investment portfolio, 83% of NAV. • IPS has resilient businesses operating in growth markets. • IPS revenues fund more than 33% of LWDB’s dividends, now paid quarterly. • Investment portfolio mainly UK. Overseas stocks used selectively where there is no UK equivalent. • IPS revenues give greater flexibility in stock selection to achieve dividend target. • Portfolio invests across large, mid- and small-cap companies. • LWDB has outperformed its benchmark over one, three, five and 10 years. MORE »
