18th Feb 2014 16:00
LONDON (Alliance News) - Murray Income Trust PLC reported an increase in its net asset value and share price for the six months to December 31 2013, but it underperformed its benchmark.
The trust said the UK equity markets performed strongly over the six month period, resulting in a net asset value total return for the company of 10.1%, although the group underperformed its benchmark which rose by 11.3%.
On a total return basis, Murray Income's share price increased by 8.5% to 787.00 pence per share. It said this reflected a move from a small premium for the share price, relative to net asset value, to a small discount.
The trust said its total assets as of December 31 stood at GBP583.3 million, a 9.5% increase from GBP532.9 million as at June 30 2013.
Shares in Murray Income Trust were trading 0.2% lower Tuesday afternoon, at 769.00 pence per share.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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