Income above 8% is hard to find among mainstream equities, but the closed-ended sector still offers some of the most generous payouts on the London market.
Here are three income investment trusts spanning UK infrastructure debt, US financials, and Asian equities that are currently distributing well over that threshold.
GCP Infrastructure Investments (GCP)
GCP Infrastructure is a FTSE 250 constituent that lends against UK infrastructure projects, targeting long-term, public-sector-backed, and availability-based cash flows.
The portfolio spans 47 investments with a principal value of £903.4 million. Renewables dominate at 57%, followed by PPP assets at 28% and supported living at 15%, and nearly half the book carries partial inflation protection.
Its largest position, Cardale PFI, accounts for 14.6% of assets. NAV was broadly flat over the quarter to March 2026 at 100.26p, as softer OBR inflation forecasts were offset by firmer near-term power prices and share buybacks.
Manager Gravis is progressing disposals and refinancings across its solar and social-housing loans. With the shares trading at a 17% discount, the trust offers both value and income. The dividend yield is 8.4%.
EJF Investments (EJFI)
You won’t find another investment trust like this on the London Stock Exchange. EJF Investments offers something genuinely differentiated: exposure to the regulated debt of smaller US banks and insurers, accessed largely through CDO equity tranches structured by manager EJF Capital.
Securitisations and related investments make up 66.8% of the book, with the balance held in cash, credit risk transfer trades and US bank debt.
The trust also owns 49% of EJF’s CDO manager, giving it a slice of recurring fee income. June was a solid month, NAV rose 1.63% including dividends, helped by a 1.13% currency gain.
After month-end, EJF committed $14.9 million to a new securitisation targeting a 14% yield to maturity. The manager remains constructive on US banks, pointing to expanding margins and strong loan growth.
Targeting an 8–10% total return, the shares yield 8.4% and trade at a 23% discount.
Henderson Far East Income (HFEL)
Henderson Far East Income takes a growth-orientated approach to Asia Pacific equities, seeking companies with the cash flow to sustain and grow their dividends.
Although the trust is focused on income, Henderson Far East Income offers more excitement than most UK small cap companies.
Managed by Sat Duhra since 2019, the portfolio leans heavily toward technology (34.7%) and financials (26.2%), with Taiwan, Hong Kong, and South Korea as the dominant geographies.
Its top 10 holdings are packed with Asian technology names that have been grabbing headlines recently amid the AI boom. Samsung Electronics, SK hynix, MediaTek and United Microelectronics all have a spot.
However, June proved tough, as Asian equities fell in dollar terms amid concerns over AI valuations and a strengthening dollar. CTBC Financial and UMC contributed, while an underweight position in SK Hynix detracted. Duhra initiated a holding in Asustek and exited Alibaba and Bank Mandiri, arguing the region’s structural growth story- supply chains, financial inclusion and corporate reform- remains intact.
July has also been a tough month, especially over the past week, as AI-related stocks sank globally. Could this be a buying opportunity?
The shares yield around 9.3%.