Update note from QuotedData

City Natural Resources Growth and Income – Update note from QuotedData

11 November 2026

A new home for a proven approach

City Natural Resources Growth and Income’s (CYN’s) management contract transferred to Tufton Investment Management in September 2026. This reestablished management by longstanding portfolio managers Keith Watson and Robert Crayfourd while gaining access to Tufton’s complementary energy and shipping expertise.

CYN’s NAV rose 28.8% and its share price 37.2%, both including income, over the year to 31 October 2026. The managers benefited from substantial exposure to precious metals miners before successfully shifting towards energy as relative valuations became more attractive.

Shareholder-friendly measures introduced in 2025 have attracted investors who understand CYN’s proposition and helped narrow its discount to NAV. The shares have recently traded close to NAV, occasionally at a premium, allowing CYN to issue equity. CYN continues to offer a distinctive combination of specialist natural resources exposure, capital growth potential and substantial income.

Full Research:

https://quoteddata.com/research/city-natural-resources-growth-and-income-a-new-home-for-a-proven-approach-qd/

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NB: Marten & Co was paid to produce this note City Natural Resources Growth and Income Plc, and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.

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