29th Apr 2014 11:45
LONDON (Alliance News) - Herald Investment Trust PLC Tuesday said its net asset value total return was 2.8% in the first three months of 2014, while the total return of its share price was 1.6%.
Purchases came to about GBP19.0 million, with sales of GBP27.4 million. That gave rise to net sales of GBP8.4 million.
The trust has an objective of achieving capital appreciation through investments in smaller quoted companies in telecommunications, multimedia and technology around the world.
At the end of March, half of the GBP50.0 million multi-currency facility had been drawn, unchanged since December 31 2013.
At the end of March, the trust's net asset value was 825.8 pence per share including current year income.
The discount to net asset value was 15.7%, narrower than the 14.7% reported at the end of December 2013.
Herald Investment Trust shares were Tuesday quoted at 676.84 pence, up 0.4%.
By Samuel Agini; [email protected]; @samuelagini
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