Last checked at 
LONDON (Alliance News) - Utilico Investments Ltd Monday said its net asset value per share was up 0.3% over the three months to September 30 after adjusting for a quarterly dividend, outperforming its benchmark, the FTSE All Share Total Return Index, which declined 1% over the same period.
"Markets delivered mixed performances during the quarter, reflecting ongoing trepidation over valuations, the potential impact of the withdrawal of quantitative easing in the US, and geopolitical concerns in Russia and the Middle East," the company said in a statement.
The closed-ended investment company said its NAV declined to 164.48 pence at September 30, compared to 165.84 pence at the end of June.
It said its share price fell 8.6% to 117.00 pence, with the discount widening to 28.9%, from 22.8% at June 30.
The company's stock was trading 2.8% higher Monday mid-morning at 111.00 pence.
By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty
Copyright 2014 Alliance News Limited. All Rights Reserved.