14th Aug 2018 09:03
LONDON (Alliance News) - Witan Investment Trust PLC said Tuesday it marginally outperformed its benchmark in the first half of the year delivering a net asset value total return of 1.11%.
The company added that its benchmark total return for the half-year stood at 1.06%.
For the six months to June 30, the company's net asset value per share increased to 1110.3 pence from 1042.7p the year before. However, it was flat on the NAV at the end of December of 1109.8p.
The company said it recognised the political risks ahead, with Brexit in the UK and the "unpredictable policy formation emanating from Washington".
"We are attentive to, but do not exaggerate the importance of, the various political risks. We remain focused on active stock-selection and a prudent but opportunistic attitude to risk in order to add value for Witan's shareholders," Chairman Harry Henderson added.
Witan issued a second quarterly dividend of 5.25 pence per share, taking its interim dividend in respect of the six-month period to 10.5p up 11% year-on-year from 9.5p.
Witan shares were flat at 1,128.00p each early Tuesday morning.