Throgmorton Trust Share News (THRG)

LONDON (Alliance News) - BlackRock Throgmorton Trust PLC Tuesday said its net asset value total return per share was up 2.7% and the share price total return was up 1.5% in the six months to the end of May.

However, the Numis Smaller Companies excluding AIM (excluding Investment Companies) Index returned 4.1% with income reinvested.

"The company's underperformance relative to the benchmark was largely due to a

combination of stock and sector allocations in both the long only and the contracts for difference portfolio," Chairman Crispin Latymer said in a statement.

Since the end of May the trust's NAV has decreased by 3.6% with income reinvested, and the share price has decreased by 6.5% with income reinvested, reflecting a widening of the discount alongside other smaller company trusts.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

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