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JPMorgan UK Small Cap Growth & Income Trust PLC - invests for capital growth in UK-listed smaller companies - Outperforms benchmark in the financial year that ended July 31. Net asset value total return is 28%, compared to 13% for the trust's benchmark, the Numis smaller companies plus AIM index, excluding investment companies. NAV was 376.2 pence per share on July 31, up from 310.3p a year before. Due to an enhanced dividend policy, the trust will pay a dividend of 15.04p for the year ahead, up 50% from 10.06p in the year just ended. The enhanced dividend policy follows the company's merger with JPMorgan Mid Cap Investment Trust PLC back in February. It calls for paying in quarterly instalments each year 4% of the company's NAV at the end of the previous year. The trust still aims for capital growth, despite the enhanced payout plan, it says. The annual general meeting for the trust will be held on November 27.
Current stock price: 329.97p, up 1.5% in London on Thursday
12-month change: up 34%
By Tom Waite, Alliance News editor
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