New Star Inv Regulatory News (NSI)

9 Nov 2012 07:05

New Star Investment Trust PLC

Unaudited interim management statement for the quarter ended 30th September 2012

This is the Company's interim management statement for the quarter ended 30th September 2012. The statement is being made solely to comply with the requirements of the UK Listing Authority's disclosure and transparency rules and should not be 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 is achieving its investment objective, reference should be made to the returns of the FTSE World Total Return Index and the FTSE All-Share Total Return Index.

Financial summary 30th September 2012 30th June 2012 Net asset value per share (bid) (p) 100.35 95.84 Net assets (bid) (£'000) 71,274 68,067 Share price (p) 66.25 66.50Financial performance Quarter ended Financial year 30th September 2012 to date % change % change Ordinary share NAV 4.71 4.71 Share price -0.38 -0.38 FTSE World Total Return Index 3.94 3.94 (sterling adjusted) FTSE All-Share Total Return Index 4.70 4.70Ten largest holdings Value at % of net assets 30th September 2012 (£'000) Henderson Euro Special Situations 7,287 10.22 Blackrock Gold & General 6,030 8.46 Investec Africa 4,147 5.82 Trojan 3,089 4.33 M&G Optimal Income 3,045 4.27 Gold Bullion Securities 2,941 4.13 Artemis UK Special situations 2,901 4.07 Brompton UK Quant Fund 2,511 3.52 Henderson Private Equity 2,285 3.21 Aquilus Inflection Fund 2,154 3.02 -------- -------- Total 36,391 51.06Capital structure

The Company has a simple capital structure consisting of ordinary shares. There have been no changes to the Company's issued or authorised share capital, which remains: 305,000,000 Ordinary shares of £0.01 authorised and 71,023,695 Ordinary shares of £0.01 issued.

Material events

There have been no material events or related party transactions between 1st July 2012 and the date of this statement's publication, other than as disclosed above.

NAV at 31st October 2012

The Company's published net asset value per share at 31st October 2011 was 100.53p.

By order of the Board

Phoenix Administration Services Limited.Company secretary9th November 2012END

For information purposes, the above interim management statement has been put on the Company's website: www.nsitplc.com.