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City of London Investment Trust Plc reports NAV total return of -14.6% for FY2020

1 min read | September 18, 2020 11:04 AM BST | By Team Kalkine Media
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City of London Investment Trust Plc (LON:CTY) has released its results for the year ended 30 June 2020.

  • NAV (Net asset value) per ordinary share of the company for the year was down by 14.6 per cent, mainly due to gearing.
  • The gearing of the company, which was in an 8 to 11 per cent range during the year, weakened by 2.4 per cent.
  • The share price of the company dropped 16.2 per cent for the year, while it was up 3 per cent in the previous year.
  • On 18 September 2020, at the time of writing, GMT 10:28 AM, CTY shares were trading at GBX 322.50, up 0.50 points or 0.16% against the previous day closing price.

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