Investment Trusts
JPMorgan Claverhouse Investment Trust is a UK equity-income trust investing mainly in established dividend-paying companies. It seeks capital growth alongside a rising income and has one of the investment-trust sector's longest dividend-growth records.
Active investment in UK-listed equities across financials, consumer goods, healthcare, industrials, energy and other sectors, with selective gearing.
The UK equity market, although many portfolio companies earn a substantial proportion of their revenues internationally.
UK corporate earnings and dividends, stock selection, value and income-sector performance, interest rates, the domestic economy, gearing and movements in the trust's discount.
UK equity-market weakness, dividend cuts by portfolio companies, stock-selection mistakes, sector concentration, gearing and a persistent discount to net asset value.
25 March 2026: annual results reported a 27.6% NAV total return for 2025, ahead of the 24.0% FTSE All-Share return, while the share-price total return was 28.9%. The year also marked the trust's 53rd consecutive annual dividend increase.
Pays quarterly and has increased its annual dividend for more than five decades. The first two 2026 quarterly dividends were 8.50p each: the first went ex-dividend on 23 April and was paid on 1 June; the second went ex-dividend on 23 July and is payable on 1 September.
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