July 28, 2017 5:45 AM ET

Capital Markets

Company Overview of The City of London Investment Trust plc

Company Overview

The City of London Investment Trust plc is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying growth stocks of companies. It employs fundamental analysis with a focus on factors such as strong balance sheets, good cash flows, and significant upside potential to create its portfolio. The fund benchmarks the performance of its portfolio against the AIC UK Growth & Income sector’s size weighted average. It...

201 Bishopsgate

London,  EC2M 3AE

United Kingdom

Founded in 1860

Key Executives for The City of London Investment Trust plc

Company Secretary
Head of Investment Trusts and Director
Assistant Fund Manager
Age: 41
Assistant Fund Manager
Assistant Fund Manager
Compensation as of Fiscal Year 2017.

The City of London Investment Trust plc Key Developments

The City of London Investment Trust plc Announces Fourth Interim Dividend for the Year Ended June 30, 2017, Payable on August 31, 2017; Announces Dividend for the Half Year on Preference Stock, Payable on August 31, 2017

The Board of The City of London Investment Trust plc announced that fourth interim dividend of 4.30 pence per ordinary share of 25 pence, in respect of the year ended 30 June 2017, will be paid on 31 August 2017 to holders registered at the close of business on 28 July 2017. The Company's shares will go ex-dividend on 27 July 2017. The total dividend for the year to 30 June 2017 is 16.70 pence per share, an increase of 5.0% over the previous year. The company also announced dividends for the half year will be paid on 31 August 2017 at 3.0% on £301,982 Cumulative First Preference Stock, 2.1% on £507,202 Non-Cumulative Second Preference Stock and 10.0% on £589,672 Non-Cumulative Preferred Ordinary Stock to holders registered at the close of business on 28 July 2017.

The City of London Investment Trust plc Declares Third Interim, Payable on 31 May 2017 and to Pay Fourth Interim Dividend for the Year Ending 30 June 2017

The Board of The City of London Investment Trust plc announced that a third interim dividend of 4.30 pence per ordinary share of 25 pence, in respect of the year ending 30 June 2017, will be paid on 31 May 2017 to holders registered at the close of business on 28 April 2017. The company's shares will go ex-dividend on 27 April 2017. The Board also intends to pay a fourth interim dividend of 4.30 pence per share for the year to 30 June 2017. The fourth interim dividend will be declared in July 2017. This would make a total dividend for the year to 30 June 2017 of 16.70 pence per share, an increase of 5.0% over the previous year. The dividends will be paid from the Company's revenue account.

The City of London Investment Trust plc Reports Unaudited Earnings Results for the Half Year Ended December 31, 2016

The City of London Investment Trust plc reported unaudited earnings results for the half year ended December 31, 2016. For the period, the company reported gross revenue and capital gains of GBP 108,560,000 compared to GBP 23,845,000 a year ago. Net return before finance costs and taxation was GBP 105,743,000 compared to GBP 21,288,000 a year ago. Net return on ordinary activities before taxation was GBP 102,862,000 compared to GBP 18,283,000 a year ago. Net return on ordinary activities after taxation was GBP 102,617,000 or 31.14 pence per share compared to GBP 18,114,000 or 5.74 pence per share a year ago.

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