17th Nov 2022 12:27
Troy Income & Growth Trust Inc - invests predominantly in UK equities - Delivers a net assets value total return of negative 9.9% over the year ended September 30. This compares to a negative 4.0% return from its benchmark, FTSE All-Share Index over the same period. Net asset value per share at September 30 falls 12% to 68.48 pence from 77.72p a year prior.
Notes difficult global markets and sterling weakness during the period. Looking forward, the company says the coming months will be "highly challenging" for corporate profits. In addition, the UK-focused investor announces that David Warnock will be retiring as chair at the firm's annual general meeting in January. Proposes Bridget Guerin as his successor from January 17.
Current stock price: 69.00 pence, down 1.2% on Thursday
12-month change: down 13%
By Tom Budszus; [email protected]
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