SSE

What does the company do?

Following the recent sale of SSE’s retail supply business, the company is mainly focused on developing, operating and owning assets in regulated networks and renewables (particularly onshore and offshore wind farms). It is also in the process of selling its oil and gas production business and has ended coal generation which will substantially help to improve the company’s environmental credentials and help to support its drive towards the decarbonisation of the economy and electrification of transport.

Why do we like the investment?

The positive changes in the business had been clouded by concerns around Brexit and political risk, but with more clarity on the former and with now limited threat of nationalisation, the company’s attractive characteristics are becoming more widely recognised. SSE has an experienced management team and generates an attractive dividend yield, while renewables provide a variety of interesting growth opportunities given the company’s expertise and pipeline in this area. Although the COVID-19 virus may impact the company’s B2B supply operations through elevated bad debts, the Investment Manager believes this impact is manageable.

In which year did we first invest?

2019

Where is their head office?

Perth, Scotland

What is their website?

www.sse.co.uk

Read the detailed risk warning

Legal Notice

NMPI Status

The Company currently conducts its affairs so that securities issued by Aberdeen Diversified Income and Growth Trust plc can be recommended by financial advisers to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream pooled investment products (NMPIs) and intends to continue to do so for the foreseeable future.

The Company’s securities are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are securities in an investment trust.

Pre-investment Disclosure Document (PIDD)

The UK Alternative Investment Fund Managers Regulations (“UK AIFMD”) requires Aberdeen Standard Fund Managers Limited, as the alternative investment fund manager (“AIFM”) of Aberdeen Diversified Income and Growth Trust plc, to make available to investors certain information prior to such investors’ investment in the Company.

The UK AIFMD is intended to offer increased protection to investors in investment products that do not fall under the existing European Union regime for regulation of investment products known as “UCITS”.

Read the PIDD for Aberdeen Diversified Income and Growth Trust plc

Aberdeen Asset Managers Limited is authorised and regulated by the Financial Conduct Authority in the United Kingdom. The information contained in this website does not constitute an offer of, or an invitation to apply for securities in any jurisdiction where such an offer or invitation is unlawful, or in which the person making such an offer is not qualified to do so. Aberdeen Asset Managers accepts no responsibility for the content of any external web sites.

ABERDEEN ASSET MANAGERS LIMITED: 10 Queens Terrace, Aberdeen, Aberdeenshire, AB10 1XL Company No. SC108419

Risk Warning
Risk warning
The value of investments and the income from them can go down as well as up and you may get back less than the amount invested. Please refer to the relevant Key Information Document (KID) prior to making an investment decision. Please be aware of scams that can affect investors.