LONDON (Alliance News) - Perpetual Income & Growth Investment Trust PLC on Thursday reported a reduction in its annual net asset value per share, amid a disappointing set of annual results.
The investment firm's NAV per share as at March 31 stood at 363.2 pence, lower compared to 380.1p a the same date in 2018.
The company's total return for the year was negative 0.8%.
"This was another disappointing result and compares with the benchmark FTSE All-Share Index's total return for the year of 6.4%," Chair Richard Laing said.
He added: "This was the third year in succession the company has underperformed its benchmark and that has further impacted longer-term performance."
For the year, the company upped its total dividend by 4.3%, if special dividends are not accounted for, to 14.50 pence. With the inclusion of special dividends, it reduced by 1.4%.
Perpetual Income & Growth shares were trading up 0.9% at 312.25p on Thursday.