(Alliance News) - Carador Income Fund PLC on Thursday reported an annual net asset value fall and a negative total return.
Net asset value per share in its US dollar class at December 31 was 10% higher, at USD0.5486, compared to USD0.6105 a year ago.
It generated a total return of negative 7.8%, though this was improved from negative 11% in 2018.
"The negative NAV performance was largely driven by the portfolio becoming more concentrated in fewer holdings, as expected during the managed wind-down of the portfolio attributable to the US dollar shares," Carador said.
Shares in the investment company closed 2.7% higher at USD0.19 each in London on Friday.
By Eric Cunha; ericcunha@alliancenews.com
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