Hi no they don't trade the shares, they are generally long term investors. They intimated they'd lean in the 12p revenue reserve a bit but I doubt whether they'd seek to maintain last year's dividend given the terrible capital performance and the near £75m of debt the trust currently has. Like to think they are well away from their gearing covenants but they should preserve some capital. So I suspect dividend will be cut. I hold a lot of this. It's not particularly well managed but it's geared into geared sector so should go up a fair bit if the underlying stocks rally.
"The Board is mindful of shareholders’ desire for clarity on the current dividend level and guidance in regard to the future. Based on estimates for the remainder of the year proving to be correct, the Company is prepared to use some of its retained revenue reserves to maintain the current dividend level in 2015. "
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