29th Sep 2014 10:53
LONDON (Alliance News) - City Natural Resources High Yield Trust PLC Monday said its net asset value return for the full year was below its benchmark.
The trust said its net asset value at June 30 was 159.9 pence, giving a net asset value total return for the year of 1.4%. This was below the 6.1% return from its benchmark MSCI EM, which returned 6.1%.
The ordinary share price total return for the year was 2.2%, which the company said reflected a narrowing in the discount at which its shares trade to 16.8% from 17.2% over the year. The average discount over the year was 15.9%.
City Natural shares were up 1.6% to 131.57 pence on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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