8th Apr 2024 09:27
(Alliance News) - Caledonia Investments PLC on Monday said it was "well positioned" following the release of its unaudited results.
The London-based FTSE 250 investment trust said net asset value per share rose 5.9% to 5,369 pence as at March 31, from 5,068p a year prior.
This performance failed to match the benchmark FTSE All-Share index which delivered a return of 8.4% over the same period.
Caledonia's diversified portfolio remains committed to long term investing across funds as well as private and public company's.
Chief Executive Officer Mat Masters said: "We have an excellent platform from which to grow net assets and dividends. We also have significant liquidity, allowing us to take advantage of investment opportunities as they arise."
The company will release its full audited results on May 21.
Caledonia Investments shares were up 1.8% to 3,317.50 pence each in London on Monday morning.
By Elijah Dale, Alliance News reporter
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