2 cheap investment trusts yielding up to 6%

These 2 investment trusts are both trading at less than net asset value and have plans in place to grow their dividends substantially.

Czech Telecoms mast
Cordiant Digital Infrastructure’s biggest asset is in the Czech Republic
(Image credit: © Alamy)

Early 2021 saw the flotation of two investment trusts specialising in digital infrastructure, Digital 9 (LSE: DGI9) and Cordiant Digital Infrastructure (LSE: CORD).

Both investment trusts were well received, raising £300m and £370m respectively, Since then D9 has issued another £600m of equity and Cordiant £385m, yet the shares have fallen to discounts of 5% and 13%.

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Max King
Investment Writer

Max has an Economics degree from the University of Cambridge and is a chartered accountant. He worked at Investec Asset Management for 12 years, managing multi-asset funds investing in internally and externally managed funds, including investment trusts. This included a fund of investment trusts which grew to £120m+. Max has managed ten investment trusts (winning many awards) and sat on the boards of three trusts – two directorships are still active.

After 39 years in financial services, including 30 as a professional fund manager, Max took semi-retirement in 2017. Max has been a MoneyWeek columnist since 2016 writing about investment funds and more generally on markets online, plus occasional opinion pieces. He also writes for the Investment Trust Handbook each year and has contributed to The Daily Telegraph and other publications. See here for details of current investments held by Max.