April 21, 2014 6:04 AM ET

Capital Markets

Company Overview of The European Investment Trust plc

Company Overview

The European Investment Trust plc is a closed ended equity mutual fund launched by F&C Asset Management plc. The fund is co-managed by F&C Management Limited and Edinburgh Partners Limited. It invests in the public equity markets of Europe. The fund seeks to invest in stocks of companies operating across diversified sectors. It typically focuses on companies with undervalued organic growth or companies that seek to benefit from restructuring, cost cutting, and other profitability improvements. The fund employs fundamental analysis with a bottom-up stock selection approach to create its portfolio. It benchmarks the performance of its portfolio against FTSE Europe ex-UK Index. The fund was for...

Block C

Western House

Lynch Wood Business Park

Lynch Wood

Peterborough,  PE2 6BP

United Kingdom

Founded in 1972

Key Executives for The European Investment Trust plc

Chief Executive Officer
Age: 51
Head of Retail
Head of Investment Trust Business-F&C and Isis Business
Age: 57
Deputy Head of Investment Trusts - Edinburgh
Age: 51
Compensation as of Fiscal Year 2013.

The European Investment Trust plc Key Developments

The European Investment Trust plc, Annual General Meeting, Jan 14, 2014

The European Investment Trust plc, Annual General Meeting, Jan 14, 2014., at 11:00 GMT Standard Time. Location: Brewers' Hall, Aldermanbury Square. Agenda: To consider the the company's powers to make purchases of up to 14.99% of its shares in issue be renewed; and to consider the dividend.

the European Investment Trust plc Recommends Final Dividend and Special Dividend for Year Ended September 30, 2013 ,Payable on January 31, 2014; Reports Earnings Results for the Year Ended September 30, 2013

The European Investment Trust plc recommend a final dividend of 14.0 pence per share and a special dividend of 4.0 pence per share, a total of 18.0 pence per share, with the dividends fully covered by earnings generated in the year ended September 30, 2013. The proposed total dividend of 18.0 pence compares with the prior year total dividend of 16.0 pence and represents an increase of 12.5%. Subject to the approval of shareholders at the forthcoming annual general meeting, these dividends will be paid on January 31, 2014 to shareholders on the register at the close of business on 10 January 2014. The ex-dividend date will be January 8, 2014. The company reported earnings results for the year ended September 30, 2013. For the year, the company reported Gains on investments at fair value of £65,516,000 against £21,758,000 a year ago. Net return before finance costs and taxation was £74,257,000 against £28,773,000 a year ago. Net return before taxation was £74,130,000 against £28,649,000 a year ago. Net return attributable to shareholders was £73,229,000 against £27,835,000 a year ago. Return per ordinary share was 174.07 pence against 66.00 pence a year ago. Net cash inflow from operating activities was £8,667,000 against £7,391,000 a year ago. Purchases of investments were £130,066,000 against £93,093,000 a year ago. In the year to 30 September 2013, the net asset value per share of your Company increased by 25.9% from 610.24 pence to 768.31 pence.

The European Investment Trust plc Announces Changes to the Board of Directors

The European Investment Trust plc announced the appointment of Dr. Michael Woodward as an independent non-executive director of the company with effect from August 1, 2013. Dr. Woodward has worked in the investment trust industry for 30 years, both as a European portfolio manager with Ivory & Sime and as the individual with responsibility for the management of the investment trust business at Martin Currie and F&C Asset Management. He is currently employed by R&H (Rawlinson & Hunter). The company also announced that, having served as a non-executive director of the company since 1997, Mr. Ralph Kanza has resigned from the Board with immediate effect. M.r Kanza has taken the decision to resign from the Board owing to his other commitments.

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