24th Jun 2016 08:58
LONDON (Alliance News) - Monks Investment Trust PLC on Friday said that in the financial year to April 30 its net asset value total return (capital and income), with borrowings at fair value, was minus 0.4% and the total return for the FTSE World Index was a positive 0.5%.
The trust's share price total return was minus 1.3%, after a slight widening of the discount at which the stock traded to net asset value.
The trust recommended a final dividend of 1p, which it said was the minimum required to maintain investment trust status.
Together with the interim dividend of 0.5p already paid, this makes the total dividend for the year 1.5p, a decrease of 62% from the 3.95p paid last year. Future dividends will be paid by way of a single final payment, reflecting the trust's priority of capital growth.
Shares in Monks were down 1.5% at 422.90p Friday.
By Samuel Agini; [email protected]; @samuelagini
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