LWDB

At the price of 400p, the dividend was 26p a yield of 6.5%.

Latest full year dividend 33.5p a yield on the buying price of 8.25%

A current yield of 3.76% trading at a small premium

You have doubled your capital invested, which could now be withdrawn, leaving a share in your Snowball producing income at a cost of zero, zilch, nothing.

You also have received the dividends which could have been re-invested back into the share until the yield fell and then switched to investing in another high yielding Trust.

Sadly Mr. Market didn’t give you another chance to buy but one to keep in your watch list, if the opportunity arises.

IPS Highlights

·	The Company’s wholly-owned provider of professional services is a key differentiator to other investment trusts and offers additional portfolio flexibility.
·	Accounts for c.19% of 2024 NAV but has funded approximately one-third of dividends paid by the Company in the last 10 years.
·	IPS has now delivered seven consecutive years of mid to high single digit underlying growth, with a 5 year underlying PBIT CAGR of 7.3%.
·	2024 valuation of £194.5 million (excluding net assets), up 83.6% since 2019.
·	Non cash goodwill impairment of £17.0 million on the 2021 acquisition of CSS.

Awards

Winner in the Active-Income category for the third year in a row at the 2024 AJ Bell Investment Awards.

Winner of the Best for Long-Term Income award at the QuotedData awards.

Recognised by the AIC as an “ISA Millionaire” performer