Page 20 - DIY Investor Magazine - Issue 28

JL: Did you guys attract investors when dividend payments were stopped or slashed when the first lockdown happened? MT: Quite possibly – you’d have to ask those investors. We just do what we do, and I think a lot of people that have owned Brunner for a long time understand that; they know what to expect, and I hope that our performance over the last year shows that we continue to do what we say on the tin. One of the unusual features of investment trusts is that when you invest in them, the share price doesn’t necessarily have to be the same as the net asset value - it can be more or it can be less; right now Brunner is actually trading at quite a wide discount – over 10% – to the net asset value, which means you’re effectively buying the investments that the Trust has at 10% less than their market value. Find out more about Brunner Investment Trust PLC here > To buy this trust login to your EQi account Select the Brunner Investment Trust - GB0001490001 All sources Allianz Global Investors GmbH unless otherwise noted. This is no recommendation or solicitation to buy or sell any particular security. A security mentioned as example above will not necessarily be comprised in the portfolio by the time this document is disclosed or at any other subsequent date. Investing involves risk. The value of an investment and the income from it may fall as well as rise and investors may not get back the full amount invested. Past performance is not a reliable indicator of future results. The views and opinions expressed herein, which are subject to change without notice, are those of the issuer and/or its affiliated companies at the time of publication. This is a marketing communication issued by Allianz Global Investors GmbH, an investment company with limited liability, incorporated in Germany, with its registered office at Bockenheimer Landstrasse 42-44, D 60323 Frankfurt/M, registered with the local court Frankfurt/M under HRB 9340, authorised by Bundesanstalt für Finanzdienstleistungsaufsicht (www.bafin.de). Allianz Global Investors GmbH has established a branch in the United Kingdom, Allianz Global Investors GmbH, UK branch, 199 Bishopsgate, London, EC2M 3TY, www.allianzglobalinvestors.co.uk, deemed authorised and regulated by the Financial Conduct Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website (www.fca.org.uk). Details about the extent of our regulation by the Financial Conduct Authority are available from us on request. The Brunner Investment Trust PLC is incorporated in England and Wales. (Company registration no. 226323). Registered Office: 199 Bishopsgate, London, EC2M 3TY. DIY Investor Magazine | Apr 2021 20