Investment trust Middlefield Canadian Income represents an unusual but attractive proposition for investors looking for a mix of income and capital return.
Although the £108million stock market-listed fund invests ten per cent of its assets in US equities, it is unique among North American funds in having a majority of its stakes in Canadian businesses.
It's an investment strategy that means the trust has missed out on the big gains to be made from holding some of the US's big technology shares. But it's kept many shareholders sweet by continuing to pay a robust dividend throughout the pandemic, equivalent to just below five per cent a year.