Dunedin Income Growth Investment Trust PLC (DIG) has disclosed its indicative net gearing ratio as at close of business on 6 November 2026, with Aberdeen Investment Trusts publishing the figures in line with Association of Investment Companies recommendations. The trust's net gearing ratio stands at 12.3% when debt is valued at par and 10.4% when debt is valued at fair value. The disclosure provides investors with a timely snapshot of the trust's current leverage position, an important metric for income-focused investment trust shareholders monitoring risk and balance sheet management.

Key Points

  • Dunedin Income Growth Investment Trust PLC (DIG), managed by Aberdeen Investment Trusts
  • Net gearing ratio disclosed as 12.3% (debt at par) and 10.4% (debt at fair value) as at 6 November 2026
  • Figures calculated in accordance with Association of Investment Companies methodology; underlying assets valued on a fair value basis using bid prices or last trade basis
  • Investors may watch for future gearing disclosures to track whether leverage levels rise or fall in response to market conditions

DIG's Net Gearing Ratio Methodology and AIC Compliance

The gearing figures were calculated in accordance with the recommendations of the Association of Investment Companies, the trade body that sets reporting standards for the UK investment trust sector. Underlying financial assets are valued on a fair value basis using bid prices or, where more appropriate, a last trade basis. Debt, net of cash held, is valued at par for the primary figure. This dual reporting approach — presenting both a debt-at-par ratio of 12.3% and a debt-at-fair-value ratio of 10.4% — gives investors a fuller picture of the trust's true leverage exposure under differing valuation assumptions.

What the 12.3% and 10.4% Gearing Figures Mean for DIG Shareholders

Gearing ratios in investment trusts reflect the degree to which borrowed money is being deployed alongside equity capital to invest in underlying assets. A net gearing ratio of 12.3% at par indicates that for every £100 of net assets, approximately £12.30 of net debt is in use. The lower fair value figure of 10.4% reflects adjustments to debt valuation. For income-oriented investors, gearing can amplify both returns and losses, making regular disclosure of this metric particularly relevant when assessing overall portfolio risk within an investment trust structure such as DIG.

Aberdeen Investment Trusts Publishes Routine Gearing Update for Dunedin Income Growth

The announcement was published by Aberdeen Investment Trusts on 9 November 2026, covering the position as at the close of business on 6 November 2026. Dunedin Income Growth Investment Trust carries the Legal Entity Identifier 549300PPXLZPR5JTL763. The trust operates within the UK-listed closed-ended fund sector and focuses on income generation for its shareholders. Investors may wish to monitor subsequent gearing disclosures from Aberdeen Investment Trusts to assess whether the trust's leverage strategy is being adjusted in response to evolving equity market or interest rate conditions.