“New Look” Invesco Global Equity Income Trust Outperforms

·       Invesco Global Equity Income Trust (IGET) releases first annual report since 2024 restructure

·       IGET delivers benchmark beating NAV total return of 11.9% over last year

·       Dividend increased to 13.50 pence per share – a 7.8% increase

·       Share price is trading at premium to NAV for first time since start of 2021

The Invesco Global Equity Income Trust plc (“IGET” or the “Company”) has announced a strong year of investment performance in its first set of annual results since it was restructured in May 2024.

Over the last year, IGET has achieved a Net Asset Value (NAV) total return of +11.9%, significantly ahead of the benchmark total return of +7.4%. In the same period, the share price has increased by 24.6%, and it is now trading a premium to NAV – the first time it has done so since the start of 2021.

Earlier this month, the Board announced its intention to increase the Company’s dividend for the financial year ending 31 May 2026 to 13.50 pence per share – an increase of 7.8% on the dividend paid for the previous financial year.

The Company was restructured in 2024 to consolidate Invesco Select Trust’s four share classes into a single, unified global income portfolio. Managed by Stephen Anness and Joe Dowling, IGET is a diversified, high conviction portfolio of listed stocks that is designed to deliver strong performance across market cycles. It aims to provide a predictable and attractive level of income of at least 4% of NAV[1] alongside capital growth. It is a Morningstar 5-star and Citywire A rated investment trust.

The performance of IGET is particularly noteworthy given the geopolitical and macroeconomic turbulence that has characterised global equity markets over the last 12 months, reflecting the portfolio managers’ “all-weather” approach to portfolio construction. The core of the portfolio is made up of dividend companies with a strong track record of consistently growing their dividends over time. In addition the team allocates up to 20% of the portfolio to high-growth companies that demonstrate exceptional capital allocation and a clear route to per-share value creation and up to 10% in turnaround opportunities.

Stephen Anness, Portfolio Manager and Head of Global Equities at Invesco, said: “It isn’t often in your career that almost every business in the market goes on sale, as it did in April following ‘Liberation Day’ and the sharp market revaluation. There were a number of businesses that had been on our shopping list for a while, and many of those became available at attractive prices which has created some exciting buying opportunities. The geopolitical and market environment continues to evolve apace, which makes it a potentially a very exciting time for future returns.”

Sue Inglis, Chair of Invesco Global Equity Income Trust plc, said: “We are delighted that the portfolio managers have delivered another year of strong absolute and relative investment performance. Equally gratifying is that the investment merits of the Company are being recognised by investors and we are encouraged by the increased demand for its shares, which are now trading at a premium. We believe the Company is well positioned to navigate what remains an uncertain period for global markets, built on bottom-up stock selection and the disciplined, long-term approach of the portfolio managers.”

To meet the increased demand for its shares, the Company is seeking an early renewal of the share issuance authority with a general meeting scheduled for 14 August.

Additions to the portfolio over the last 12 months include: ASML, a Dutch-listed technology leader at the heart of the semiconductor industry; Viking Holdings, the cruise operator; and QXO, a building products distributor.

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For a copy of the full report and to learn more about the Invesco Global Equity Income Trust, visit https://www.invesco.com/uk/en/investment-trusts/invesco-global-equity-income-trust.html