Foreign & Colonial Net Asset Value Per Share Rises

LONDON (Alliance News) - Foreign & Colonial Investment Trust PLC Tuesday said its net asset value per share increased in the three months to September 30, giving total return on NAV, with debt at market value, of 1.30% over the period.

Foreign & Colonial, which invests in an internationally diversified portfolio of publicly listed equities, as well as unlisted securities and private equity, said its net asset value was 404.21 pence on September 30, up 0.78% from 401.09 pence on June 30.

The trust said it expects the total dividend for 2013 to be 9.00 pence, representing an increase of 5.9% on the total dividend for 2012.

Net gearing (with debt at par value) decreased in the three months to September 30 to 10.7% from 12.3%.

Foreign & Colonial shares Tuesday closed at 377.50 pence, up 0.4%.

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

Copyright 2013 Alliance News Limited. All Rights Reserved.