Witan Pacific Investment Trust

LN: WPC

£210.1m market cap

340.5p last close

Witan Pacific Investment Trust (WPC) has the objective of providing shareholders with balanced equity exposure in the Asia Pacific region, including Japan. It aims to outperform the MSCI AC Asia Pacific Free Index (GBP).

Investment summary

Witan Pacific Investment Trust (WPC) employs a multi-manager strategy, offering investors broad exposure to pan-Asian equities. The board recently announced a renewed commitment to improving the trust’s investment performance. If WPC’s NAV total return lags its benchmark over the period from 31 January 2019 to 31 January 2021, the board will put forward proposals that include a full cash exit at close to NAV. As a result, shareholders should enjoy NAV performance ahead of the benchmark or share price outperformance versus NAV as the discount is closed. In its recently released FY19 results, WPC proposed a meaningful 27.3% increase in its annual dividend; the fully covered 7.0p distribution, to be approved at the June 2019 AGM, equates to a 2.1% yield.

Share price graph
Price performance
%
1m
3m
12m
Actual 2.1 3.2 6.4
Relative* 1.0 2.7 9.4
52-week high/low 342.0p/283.0p
*% relative to local index
Key management
Susan Platts-Martin Chairman
James Hart Investment Director

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