Last checked at 
(Alliance News) - Aberdeen Diversified Income & Growth Trust PLC on Friday said its performance deteriorated in the first half of its current financial year, with a double-digit reduction in net asset value.
The investment company reported NAV per share as at the end of March of 102.61 pence, down 12% from 116.85p at the end of September 2019.
"This is disappointing when compared to our benchmark return of 3.0%, although less disappointing when compared to the FTSE All-Share Index, which was down 25% and FTSE All-World down 16%," said Chair Davina Walter.
The share price on March 31 stood at 90.20p, representing a 12% discount to NAV.
On Friday, Aberdeen Diversified shares were trading 0.3% lower on the day in London at 88.35p each.
The trust lifted its interim payout by 1.5% to 2.72p from 2.68p paid a year earlier.
"The company's investment strategy, which provides diversification and seeks lower volatility, should stand us in good stead compared to many equity funds," noted Walter.
"We all remain mindful of the challenges ahead and your board together with the manager continue to review positioning on a regular basis. We believe, however, that we are well-placed to take advantage, as the economy recovers, of access to investment opportunities not available to conventional investors," added Walter.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.