You would think that being an investment trust would be enough in its own right. Law Debenture complicates life — or, for enthusiasts, adds to the investment case — by also operating a professional services business.
Both have been busy over the past year, but for different reasons. The investment trust is aimed at investors seeking income, ostensibly through dividends, which has been a tricky proposition during the pandemic when so many companies have axed or suspended their payouts. The professional services unit, on the other hand, has been in acquisitive mode and spent £20 million on a company secretarial business from a division of Eversheds Sutherland, the law firm.
The group’s shares, meanwhile, having been hit hard during the early months of coronavirus, have
