Law Debenture Corporation (LWDB) was launched in 1889 and has a unique structure with around one-sixth of its £1.2bn of net assets attributable to a three-pronged professional services business, and the remainder consisting of a UK equity portfolio of around 150 stocks managed by James Henderson and Laura Foll of Janus Henderson. Backed by a range of long-term debentures at an average interest rate of 4%, its steady approach has resulted in it becoming the best-performing UK Equity Income trust of the past decade with an annualised NAV return of 8.8% versus 6.2% for the FTSE All-Share and at l...