Investment Trusts
Finsbury Growth & Income Trust is a concentrated UK equity investment trust managed by Lindsell Train. It holds a relatively small number of established businesses with strong brands, franchises and long-term cash-generation potential.
Long-term investment in mainly UK-listed consumer, financial, data and media companies, with low portfolio turnover and a concentrated stock-selection approach.
The UK equity market, although many holdings are multinational companies with substantial international earnings.
Performance of core holdings, brand and franchise strength, UK equity valuations, corporate earnings, dividend growth, gearing and changes in the trust's discount to NAV.
Concentrated portfolio exposure, prolonged underperformance by major holdings, stock-selection risk, UK market weakness, gearing and a persistent discount to net asset value.
28 May 2026: the half-year report confirmed more than 97% shareholder support for continuation and announced a materially enhanced dividend policy from October 2026, targeting an annual distribution of roughly 30p per share.
Pays twice yearly. The first 2026 interim dividend was 8.8p, ex-dividend on 2 April 2026 and paid on 15 May. From the financial year beginning 1 October 2026, the Board intends to rebase the annual dividend to about 30p, at least 50% higher.
The complete 350 Trade Book — 350 leading UK-listed companies, presented in one consistent working reference.