August 31, 2016 9:54 PM 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: 40
Assistant Fund Manager
Assistant Fund Manager
Compensation as of Fiscal Year 2016.

The City of London Investment Trust plc Key Developments

The City of London Investment Trust plc Announces Executive Changes

The Board of The City of London Investment Trust plc announced that Samantha Wren has been appointed as Chairman of the Audit Committee with immediate effect, in succession to Richard Hextall. Samantha Wren joined the Board on 1 September 2015. Richard Hextall is also the company's Senior Independent Director. He will retire from the Board at the Annual General Meeting to be held on 27 October 2016, at which time Simon Barratt will assume the role of Senior Independent Director.

The City of London Investment Trust plc Announces Third and Fourth Interim Dividends in Respect of the Year Ending 30 June 2016, Payable on May 31, 2016 and August 31, 2016 Respectively

The Board of The City of London Investment Trust plc announced third and fourth interim dividends in respect of the year ending 30 June 2016. A third interim dividend of 4.05 pence per ordinary share of 25 pence will be paid on 31 May 2016 to holders registered at the close of business on 29 April 2016. The Company's shares will go ex-dividend on 28 April 2016. The company announced fourth interim dividend of 4.05 pence per ordinary share of 25 pence will be paid on 31 August 2016 to holders registered at the close of business on 29 July 2016. The Company's shares will go ex-dividend on 28 July 2016. The total dividend for the year to 30 June 2016 is 15.90 pence per share, an increase of 3.9% over the previous year, and is the 50th consecutive year of dividend increases.

The City of London Investment Trust plc Reports Unaudited Earnings Results for the Half Year Ended December 31, 2015

The City of London Investment Trust plc reported unaudited earnings results for the half year ended December 31, 2015. For the period, the company reported gross revenue and capital gains of £23.845 million compared to £30.983 million a year ago. Net return before finance costs and taxation was of £21.288 million compared to £28.664 million a year ago. Net return on ordinary activities before taxation was of £18.283 million compared to £25.616 million a year ago. Net return on ordinary activities after taxation was £18.114 million or 5.74 pence per share compared to £25.438 million or 8.71 pence per share a year ago.

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Recent Private Companies Transactions

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