Scottish American Investment Co PLC - Edinburgh headquartered investment trust - June 30 net asset value per share 405.9 pence, down 0.3% from 407.1p per share December 31. Declares second interim dividend of 3.00p per share, taking total interim declared per share to 6.00p, up 2.1% year-on-year from 5.875p. Notes Baillie Gifford's fee on relevant assets above GBP500 million reduced to 35 basis points, first GBP500 million still to be charges at 45 basis points. "The board and the managers are optimistic about [Scottish American Investment's] long term prospects for resilient income growth. The company's income has held up well, and the managers have been able to augment the portfolio by adding some new names which they have long admired at attractive prices," says company.
Current stock price: 422.37 pence
Year-to-date change: down 0.9%
By Anna Farley; annafarley@alliancenews.com
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