September 28, 2016 7:01 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

Richard Hextall retired from the Board of The City of London Investment Trust plc at the Annual General Meeting on 27 October 2016. Samantha Wren has replaced Richard as Chair of the Audit Committee and Simon Barratt will become Senior Independent Director.

The City of London Investment Trust plc Reports Audited Earnings Results for the Year Ended June 30, 2016

The City of London Investment Trust plc reported audited earnings results for the year ended June 30, 2016. For the period, the company's gross revenue and capital gains was £49,794,000 against £82,483,000 a year ago. Net return on ordinary activities before taxation was £38,684,000 against £71,892,000 a year ago. Net return on ordinary activities after taxation was £37,839,000 against £71,288,000 a year ago. Return per ordinary share basic and diluted was 11.84 pence against 23.95 pence a year ago. NAV per share was £382.2 pence against 386.3 pence a year ago.

The City of London Investment Trust plc Announces First Interim Dividend in Respect of the Year Ending June 30, 2017, Payable on November 30, 2016

The board of The City of London Investment Trust plc announced that a first interim dividend of 4.05 pence per Ordinary Share of 25 pence, in respect of the year ending June 30, 2017 will be paid on November 30, 2016 to holders registered at the close of business on October 21, 2016. The company's shares will go ex-dividend on October 20, 2016.

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