28th Jan 2014 13:28
LONDON (Alliance News) - Aberforth Smaller Companies Trust PLC Tuesday reported a net asset value total return of 52.4% for the year ended December 31 2013, outperforming its benchmark.
The investment trust increased its final dividend by 5.9% to 16.15 pence per share.
It said at the year end, gearing stood at 2.6% of shareholders' funds. During the year, the level of gearing ranged from 1.7% to 8.0%, with an average of 5.4%, it said.
Shares in the trust were trading 2.7% higher at 1,107.40 pence per share.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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Aberforth Smaller Companies Trust Plc