The Law Debenture Corporation p.l.c. today published its results for the half-year ended 30 June 2022

Law Debenture aims to provide a steadily increasing income for our shareholders whilst achieving long-term capital growth in real terms. The Group has an excellent long-term record for outperformance, and we are encouraged by the relative capital preservation and continued good performance from IPS in this turbulent and challenging period of political and economic uncertainty. We are confident that, in the long term, the combination of a robust and well-positioned equity portfolio and continued growth in our IPS business will deliver attractive returns for our shareholders. IPS benefits from strong recurring revenues, and the team is investing to ensure the consistent growth delivered in the last four years can be sustained over the longer term.

Robert Hingley, Chairman

Against a very challenging and uncertain political and economic backdrop, with rising global inflation and interest rates, Law Debenture has delivered another resilient performance. The Group has maintained its consistent long-term benchmark outperformance. The strong, consistent income from the IPS business offers our portfolio managers greater flexibility in their investment selection, helping set Law Debenture apart from other UK equity income Trusts and underpinning our confidence in our ability to continue to outperform in the long-term.

Denis Jackson, Chief Executive Officer