23rd Jul 2014 11:40
LONDON (Alliance News) - F&C Capital and Income Investment Trust PLC Wednesday said it underperformed against its benchmark in the three months to the end of June.
The trust, which targets long-term capital and income growth from a portfolio consisting mainly of FTSE All-Share companies, said its net asset value per share total return rose by 1.0% in the period, while the FTSE All-Share Index gave a 2.2% total return.
The trust said its level of borrowing within its GBP35.0 million committed facility was maintained at GBP20.0 million during the quarter. Net gearing increased over the period to 6.2% as cash balances were invested in equities.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
F&C Capital & Income Investment Trust