Associated equity: The Law Debenture Corporation
The Law Debenture Corporation’s investment objective is to achieve long-term capital growth in real terms and steadily increasing income. The aim is to achieve a higher rate of total return than the broad UK stock market through investing in a diversified portfolio of mainly UK equities with some international holdings. The IPS business provides a regular flow of income, which augments the dividend income from the equity portfolio.
The Law Debenture Corporation — 5 videos in collection
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.