PCFT to maintain dividend despite mounting pressure on financials
Uses £9m reserves
John Yakas, co-manager of PCFT
The board of the Polar Capital Global Financials trust (PCFT) has opted to maintain dividends due to its shareholders this August and in February 2021 despite widespread dividend cuts across its investable universe.
In a statement this morning, the board confirmed that despite "exceptional market conditions arising from the Covid-19 pandemic", which has forced severe dividend cuts across financial services firms,...
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