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IN BRIEF: Fundsmith Emerging Net Assets Fall, No Interim Dividend Paid

4th Aug 2020 16:26

Fundsmith Emerging Equities Trust plc - London-based trust - Says net asset value per share for the six months ended June 30 was 1,262.3 pence up from 1,255.1p the year before and 1,213.0p on December 31. Net asset value per share down 7.9% to 1,100.0p from 1,195.0p year-on-year, meaning the company's share price was at a 12.9% discount to the NAV, previously at a 4.8% discount. Based on current board policy dividend is only paid when required to "maintain UK investment trust status", hence, says no interim dividend declared.

Current stock price: 1,095.0 pence

Year-to-date change: down 0.5%

By Neetika Kurup; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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