This investment trust invests in companies across the globe. A quarterly dividend is paid and set at the beginning of its financial year.
Just jumped into holding a few shares. Let the fun begin.
Scottish investment trust merged into JGGI a few months back. A long winded affair due to Scottish investment trust being self managed. The result was a large increase in the size of the company. Another’s investment trust is now aiming to merge with them
(JPMorgan Elect). In total JGGI will have more than doubled. Resulting in lower charges and a narrowing of the spread.
JGGI is in the global income sector of the aic
https://www.theaic.co.uk/aic/find-compare-investment-companies?sec=GGI&sortid=SPTR1Y&desc=true
This is one of the investment trusts who pay dividends out of capital. Although not wholly. Roughly 40% of dividends come from income (value) the remainder from selling shares.
This works in the following way. At the end of the Financial year it notes its NAV and informs the market what the dividends will be for the following year. 4% of NAV 1% per quarter. So advanced notice of your income for the following year.
With its large growth weighting it has been top of the Global income sector over 1, 5, and 10 years untill recently. As growth is now down significantly, both its nav and share price are down and its now mid table over 1 year. On top of this its constantly increasing dividend will fall. The latter was Bound to happen eventually.
I am with top of the table Murray International but bottom of the table over 5 and 10 years. Up 40% since march 2020 and on roughly a 6.5% dividend.
The luck was with me!