25th Mar 2014 14:17
LONDON (Alliance News) - The Henderson Smaller Companies Investment Trust PLC Tuesday said its net asset value increased by more than its benchmark between the start of November 2013 and the end of February 2014.
Net asset value per share, including current financial year revenue items, increased by 11.73%, while the company's benchmark increased by 9.55% on a total return basis. The benchmark is the Numis Smaller Companies Index (excluding investment companies).
The company said it has maintained a modest level of gearing. Its total borrowings were GBP46.2 million, representing gearing of 9.0%, at the end of February.
The objective of The Henderson Smaller Companies Investment Trust is to maximise shareholders' total returns by investing in smaller companies that are quoted in the UK. The manager is Henderson Global Investors Ltd.
The trust's shares were Tuesday quoted at 594.50 pence, up 0.6%.
By Samuel Agini; [email protected]; @samuelagini
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