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"Three investment trusts" - UK Investor Magazine
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Phil 2.0
Posted: 09 March 2025 10:37:19(UTC)
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https://ukinvestormagazi...ment-trusts-for-income/

Three recent presentations from three old favourites:

* AEI
* CTPE and
* JEMI

I currently hold CTPE and have previously held AEI (which I was surprised to hear now yields 7%). Possibly no great surprises in these for the experts, but a useful recap for primates like myself.
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2 users thanked Phil 2.0 for this post.
Sheerman on 09/03/2025(UTC), John Bleke on 09/03/2025(UTC)
John Bleke
Posted: 09 March 2025 12:05:39(UTC)
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Joined: 06/03/2023(UTC)
Posts: 246
I hold merchants and City of London. They are not paying as much as AEI so anyone know why not?
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eain
Posted: 09 March 2025 13:05:04(UTC)
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John Bleke;336982 wrote:
I hold merchants and City of London. They are not paying as much as AEI so anyone know why not?


Merchants capital value up 13% over 5 years AEI down 5%
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1 user thanked eain for this post.
Sheerman on 09/03/2025(UTC)
John Bran
Posted: 09 March 2025 13:43:07(UTC)
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Joined: 01/09/2017(UTC)
Posts: 2,125
CTPE
Nice dividend. Also worth noting just how big the dividend increases have been over the last 5 years.
Up 5% to as much as 28% according HL.
And 30% discount and the shares are up 27% over 5 years
Compare that to AEI
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Big boy
Posted: 09 March 2025 15:32:42(UTC)
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Joined: 20/01/2015(UTC)
Posts: 6,676
John Bleke;336982 wrote:
I hold merchants and City of London. They are not paying as much as AEI so anyone know why not?


Worth checking to see how ex’s/costs are apportioned between capital and Revenue Account. Published figures are very misleading and also if gearing the same question should be considered.

With costs of say 1% the yield could be 4% if taken from capital or 3% if taken from revenue. ie 25% less.
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ben ski
Posted: 09 March 2025 18:53:29(UTC)
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Joined: 15/01/2016(UTC)
Posts: 1,354
But assessing trusts on dividend yield and past performance? Two things we know have little to no (to negative) predictive value on future returns.

CTPE is interesting. But with 40% in UK companies, and nearly the same in Europe, is it investable at the moment?
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JohnW
Posted: 09 March 2025 19:02:55(UTC)
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CTY was the first IT I ever brought, way back in the days of PEP's, before ISA's were invented, and I still hold it. It will never make you rich,but neither will it give you sleepless nights. I hold it in a portfolio of more racier IT's such as PCT, JGGI, AIE and the like which give it a little spice.
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2 users thanked JohnW for this post.
John Bran on 09/03/2025(UTC), Jay P on 09/03/2025(UTC)
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