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13 May 2013 11:23
NEW STAR INVESTMENT TRUST PLC - Interim Management StatementNEW STAR INVESTMENT TRUST PLC - Interim Management Statement
PR Newswire
London, May 13
New Star Investment Trust PLC
Unaudited interim management statement for the quarter ended 31 March 2013
This is the Company's interim management statement for the quarter ended 31March 2013. The statement is being made solely to comply with the requirementsof the UK Listing Authority's disclosure and transparency rules and should notbe relied upon by third parties for any other purpose.
Investment objective
The Company's objective is to achieve long-term capital growth.
Benchmarks
The Board has agreed that to measure the extent to which the Company isachieving its investment objective, reference should be made to the returns ofthe FTSE World Total Return Index and the FTSE All-Share Total Return Index.
Financial summary 31 March 2013 31 December 2012 Net asset value per share (bid) (p) 107.67 100.94 Net assets (bid) (£'000) 76,474 71,691 Share price (p) 72.38 63.50 Financial performance Quarter ended Nine months ended 31 March 2013 31 March 2013 % change % change Ordinary share NAV 6.67 12.34 Share price 13.98 8.83 FTSE World Total Return Index 14.45 21.72 (sterling adjusted) FTSE All-Share Total Return Index 10.32 19.92 Ten largest holdings Value at % of net assets 31 March 2013 (£'000) Henderson Euro Special Situations 7,203 9.42 Blackrock Gold & General 4,822 6.31 Investec Africa 4,779 6.25 Fundsmith Equity 4,601 6.02 Artemis Special Situations 3,370 4.41 Trojan 3,178 4.16 Gold Bullion Securities 2,808 3.67 Brompton UK Quant 2,617 3.42 Aquilus Inflection 2,515 3.29 Aberforth Geared Income 2,382 3.12 -------- -------- Total 38,277 50.06Cash, as a percentage of net assets, at 31 March 2013 was 20.83% (31 December2012: 18.11%).
Capital structure
The Company has a simple capital structure consisting of Ordinary shares. Therehave been no changes to the Company's issued or authorised share capital, whichremains: 305,000,000 Ordinary shares of £0.01 authorised and 71,023,695Ordinary shares of £0.01 issued.
Material events
There have been no material events or related party transactions between 1January 2013 and the date of this statement's publication, other than asdisclosed above.
NAV at 30 April 2013
The Company's published net asset value per share at 30 April 2013 was 105.44p.
By order of the Board
Phoenix Administration Services Limited
Corporate Secretary 13 May 2013 ENDFor information purposes, the above unaudited interim management statement hasbeen uploadedonto the Company's websiteat: www.nsitplc.com.