July 22, 2014 8:02 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 Global Investors Limited. The fund invests in the public equity markets of the United Kingdom. It invests in stocks of companies operating across diversified sectors. The fund primarily invests in stocks of large-cap 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 FTSE All Share 4% Capped Index. It was formerly known as TR City of London Trust PLC. The City of London Investment Trust Plc was forme...

201 Bishopsgate

London,  EC2M 3AE

United Kingdom

Founded in 1860

Phone:

44 2078 181 818

Fax:

44 2078 181 819

Key Executives for The City of London Investment Trust Plc

Company Secretary
Portfolio Manager
Age: 52
Assistant Portfolio Manager
Director and Head of Investment Trusts
Assistant Portfolio Manager
Age: 38
Compensation as of Fiscal Year 2014.

The City of London Investment Trust Plc Key Developments

City of London Investment Trust Appoints Philip John Remnant as Independent Non-Executive Director, Effective from March 31, 2014

City of London Investment Trust announced the appointment of Philip John Remnant as Independent Non-Executive Director. The effective date is March 31, 2014.

City of London Investment Trust Announces Third Interim Dividend for the Year Ending June 30, 2014 Payable on May 30, 2014

The Board of The City of London Investment Trust plc announced that a third interim dividend of 3.75p per ordinary share of 25 p, in respect of the year ending June 30, 2014, will be paid on May 30, 2014 to holders registered at the close of business on May 2, 2014. The company's shares will go ex-dividend on April 30, 2014. The Board also intends to pay a fourth interim dividend of 3.75p per share for the year to June 30, 2014. The fourth interim dividend will be declared in July 2014. This would make a total dividend for the year to June 30, 2014 of 14.76pper share, an increase of 3.2% over the previous year.

The City of London Investment Trust Plc Reports Unaudited Earnings Results for the Half Year Ended December 31, 2013

The City of London Investment Trust Plc reported unaudited earnings results for the half year ended December 31, 2013. For the period, the company's gross revenue and capital gains was £104,818,000 against £67,347,000 a year ago. Net return on ordinary activities before taxation was £100,222,000 against £63,336,000 a year ago. Net return on ordinary activities after taxation was £100,154,000 or 37.81 pence basic and diluted per share against £63,258,000 or 26.10 pence basic and diluted per share a year ago. Net cash inflow from operating activities was £18,021,000 against £15,564,000 a year ago. Net debt at end of the period was £78,531,000 against £69,989,000 a year ago.

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