The investment policy is to invest directly or indirectly in public or social infrastructure assets (usually via entities which have been granted a concession to operate and manage those assets) and related businesses located in the UK, Australia, Europe, North America and ...The company will seek to enhance the capital value and the income derived from its investments.
It currently yields 4.47% and is at a premium of 6.33%.
I hold this trust and have been pondering topping up.
https://www.hl.co.uk/shares/shares-sear ... ps-ltd-ord
https://www.hl.co.uk/shares/shares-sear ... ps-ltd-ord
Comparison with peers:
https://citywire.co.uk/funds_insider/in ... ePeriod=12
Noted that EGL which holds utilities and infrastructure, offers a similar yield: 4.08% but is at a discount of 6.88%, presumably because the utilities content and the possibility of government interference represent a concern to investors. Though EGL has performed very well (and better than INPP) over recent years. That could in part be due to EGL recovering from a lower point/greater falls resulting from Corbin & McD's threats of nationalisation.