LONDON (Alliance News) - JPMorgan European Investment Trust PLC on Friday said its net asset value declined in the first half of its current financial year.
Net asset value per growth share at the end of September fell to 352.4 pence from 353.1p reported a year ago, while net asset value per income share fell to 181.4p from 183.3p year-on-year.
JPMorgan European shares were trading 1.5% lower on Friday at 149.50p each.
The company paid a 4.85 pence interim dividend per growth share. Per income share, it paid two quarterly dividends of 1.25p in respect of the period.
JPMorgan European also declared a third quarterly dividend per income share of 1.25p, up from 1.10p paid the year before.
Over the six months, the company said it repurchased a total of 418,178 growth shares and 234,990 income shares.
"The Investment managers will continue to execute the existing and practised strategy to fulfil and deliver your company's investment objectives," said Chairman Andrew Adcock.
"Whilst the board and managers are aware of the many uncertainties facing stock markets, we believe that satisfactory returns are achievable given the proven stock selection skills demonstrated consistently over the medium and longer term," added Adcock.