Building on a great 2019
The second half of 2019 was a profitable time for investors in Shires Income (SHRS), as the trust extended its outperformance of both the UK market and the average competing fund. Investors also benefitted from the elimination of the discount as the share price rose to match the NAV. The trust continues to issue shares (a process that began in January 2019 after a long pause), and this should both help widen its audience, improve liquidity in the shares, and reduce its average running costs.
Shires Income is an investment company, engaged in investing mainly in U.K. equities. Co. invests principally in the ordinary shares of U.K. quoted companies, and in convertible and preference shares with above average yields. Co.'s investment portfolio comprised of a range of sectors including oil and gas, basic materials, industrials, consumer goods, healthcare, consumer services, telecommunications, utilities, financials and technology. Co. is managed by Aberdeen Fund Managers Limited. As of Mar 31 2017, Co.'s total investments was £97.8 million.
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