23rd Jul 2020 19:06
(Alliance News) - BlackRock Throgmorton Trust PLC's net assets slipped in the first half but the investment firm held its payout during a "remarkable and challenging" period.
At May 31, net asset value per share was 551.87 pence, down 13% from 634.10p at the end of November.
Shares in the trust closed 1.7% lower at 570.00p each in London on Thursday.
BlackRock Throgmorton reported a total return of negative 12%, faring better than the Numis Smaller Companies plus AIM index benchmark which lost just under 15%.
The trust held its payout at 2.50p per share.
"It has been a remarkable and challenging first half to the financial year, dominated by the extraordinary upheaval brought about by Covid-19. The spreadof the pandemic has impacted almost every aspect of life in the global economy, and its long-term ramifications have yet to play out," BlackRock Throgmorton said.
By Eric Cunha; [email protected]
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