18th Feb 2021 08:58
(Alliance News) - Murray Income Trust PLC on Thursday reported an improved performance in the first half of its current financial year.
The investment company said net asset value per share as at the end of 2020 stood at 857.8 pence compared to 803.3p posted at the end of June 2020.
The trust said it had paid a first interim dividend of 12.55p per share in December, with a second and third interim payout of 3.95p to be paid on March 18 and 8.25p to be paid on June 17, respectively.
The company noted that after an exceptional run of outperformance for nine quarters in a row, it ran into some performance headwinds in the final quarter of 2020. Over the six months to the end of 2020, Murray Income Trust's NAV per share rose 9.2% in total return terms, slightly behind the FTSE All-Share Index return of 9.3%. The share price total return was 11.6% with the discount of price to NAV narrowing from 5.0% to 3.0%.
From the end of 2020 to mid-February, the NAV per share total return and share price total return were 3.2% and 2.6%, respectively, while the discount had widened from 3.0% to 3.6%. The FTSE All-Share Index total return was 4.7%, the company said.
Murray Income Trust shares were trading 0.51% lower in London on Thursday at 837.62p each.
By Evelina Grecenko; [email protected]
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