Discounts, discounts everywhere
I have just completed an annual review of my portfolio. Out of 77 investment trusts only four are standing at a premium, the rest are all at a discount to NAV, some of them substantial discounts. Is this the new normal or a once in a lifetime buying opportunity?
The four standing at a premium make strange bedfellows. They are Henderson Far East Income (presumably for its dividends, not its performance), JPM Global Growth and Income, Hipgnosis Songs Fund (thanks to the recent bid and a failure to update their NAV), and Law Debenture.
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HFE juices up its dividend from capital, just so you know!
Ray Best