14th May 2015 11:35
LONDON (Alliance News) - River & Mercantile UK Micro Cap Investment Company Ltd is looking for opportunities to raise additional assets, Chairman Andrew Chapman said on Thursday.
"We will continue to work with our advisers and the portfolio manager to identify suitable opportunities to raise additional assets within the confines of the agreed capacity," Chapman said in a statement.
The chairman's comments came as the trust reported an unaudited net asset value total return of 5.3% in the six months ended March 31, while the benchmark index posted 5.0% and its share price increased by 5.5% since its initial public offering in December.
Numis Smaller companies plus AIM (excluding investment companies) total return index is the benchmark index.
The trust's shares were down 1.3% at 104.65 pence on Thursday.
By Samuel Agini; [email protected]; @samuelagini
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