Edison issues review on The Scottish Investment

London, UK, 2 December 2020

Edison issues review on The Scottish Investment Trust (SCIN)

The Scottish Investment Trust (SCIN) aims to give investors an accessible, low-cost way to invest in undervalued international companies, while boosting returns through the provision of a growing dividend. The manager, Alasdair McKinnon, adopts a highly differentiated contrarian approach via a portfolio that is diversified across regions and sectors. SCIN has delivered solid long-term performance in absolute terms and consistent outperformance of UK equities. McKinnon believes the global market offers many opportunities ripe for exploitation once the economic outlook improves and political uncertainties abate. SCIN has a long record of regular annual dividend increases and offers a yield of 3.3%.

SCIN pays quarterly dividends and, at the interim stage, the board confirmed that it will increase the regular dividend for FY20. This will be the 37th successive year of regular dividend growth. The trust currently offers a yield of 3.3% (based on FY19 total regular dividends). As at 30 November, SCIN's shares traded at a 10.4% discount to NAV. The board has an active buyback strategy, which aims to limit the discount to 9% under normal market conditions.

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Joanne Collins, +44 (0)20 3077 5000

Sarah Godfrey, +44 (0)20 3681 2519

investmenttrusts@edisongroup.com

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