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April 27, 2015 11:16 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

Head of Global Equity Income Team and Assistant Fund Manager
Age: 44
Company Secretary
Fund Manager
Age: 52
Head of Investment Trusts and Director
Assistant Fund Manager
Age: 38
Compensation as of Fiscal Year 2014.

The City of London Investment Trust plc Key Developments

The City of London Investment Trust plc Announces Third Interim Dividend, Payable on May 29, 2015; Provides Dividend Guidance for the Fourth Quarter of 2015

The Board of the City of London Investment Trust plc announced that a third interim dividend of 3.90 pence per ordinary share of 25 pence, in respect of the year ending June 30, 2015, will be paid on May 29, 2015 to holders registered at the close of business on May 01, 2015. The Board also intends to pay a fourth interim dividend of 3.90 pence per share for the year to June 30, 2015. The fourth interim dividend will be declared in July 2015. This would make a total dividend for the year to 30 June 2015 of 15.30 pence per share, an increase of 3.7% over the previous year.

The City of London Investment Trust plc Announces Unaudited Earnings Results for the Half Year Ended December 31, 2014

The City of London Investment Trust Plc announced unaudited earnings results for the half year ended December 31, 2014. For the half year, the company reported gross revenue and capital gains of £30,983,000 compared to £104,818,000 reported a year ago. Net return on ordinary activities before finance charges and taxation was £28,664,000 compared to £102,668,000 reported a year ago. Net return on ordinary activities before taxation was £25,616,000 compared to £100,222,000 reported a year ago. Net return on ordinary activities after taxation £25,438,000 or 8.71 pence basic and diluted share compared to £100,154,000 or 37.81 pence basic and diluted share reported a year ago. Net asset value per basic and diluted share was 378.50 pence compared to 374.45 pence as at December 31, 2014. Net cash inflow from operating activities was £21,207,000 compared to £18,021,000 reported a year ago. Net debt as on December 31, 2014 was £92,456,000 against £78,531,000 as on December 31, 2013.

The City of London Investment Trust plc Declares Second Interim Dividend on Ordinary Shares, Payable on February 27, 2015; Declares Dividend on Preferred Ordinary Stocks, Payable on February 27, 2015

The Board of The City of London Investment Trust plc announced that dividend on the ordinary shares: A second interim dividend of 3.75 pence per ordinary share of 25 pence, in respect of the year ending June 30, 2015, will be paid on February 27, 2015 to holders registered at the close of business on January 23, 2015. The company's shares will go ex-dividend on January 22, 2015. Dividends on the preference and preferred ordinary stocks: the dividends for the half year will be paid on February 27, 2015 at 3.0% on £301,982 Cumulative First Preference Stock; 2.1% on £507,202 Non-Cumulative Second Preference Stock; 10.0% on £589,672 Non-Cumulative Preferred Ordinary Stock to holders registered at the close of business on January 23, 2015.

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To contact The City of London Investment Trust plc, please visit www.henderson.com/ukpi/fund/169/the-city-of-london-investment-trust-plc. Company data is provided by Capital IQ. Please use this form to report any data issues.

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