20th Nov 2013 13:02
LONDON (Alliance News) - Blue Planet International Financials Investment Trust PLC Wednesday said it outperformed its benchmark index over the half year, as it gave an 18.8% total return to shareholders.
Net asset value rose 15% to 52.31 pence per share over the six months to October 31, while the payment of a 1.37 pence dividend on July 29 gave also contributed to the total return of 18.8%. Over the same period, the trust's benchmark index, the FTSE 100, produced a total return of 6.6%, according to Blue Planet.
"At the half year end we had income from investments of GBP827,052," the trust said. "This was 58% higher than we earned in the comparable period last year and subject to any unforeseen eventualities we expect the dividend for the year to April 30, 2014 to be materially higher than the one paid for the previous financial year."
Blue Planet International Financials has said it will continue to operate in a manner under which its the shares can be recommended by independent financial advisers to ordinary retail investors in accordance with the Financial Conduct Authority's rules.
No interim dividend has been declared for the first half of the year.
The trust's shares were Wednesday quoted at 41.29 pence, down 0.5%.
By Samuel Agini; [email protected]; @samuelagini
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