Over the year to the end of February 2015, Aurora Investment Trust’s return on net assets was -10.6% which compares to a positive return of 2.1% for its benchmark. The dividend is being increased from 3.8p to 3.85p.
The statement says that part of their problem is exposure to oil related stocks and part is exposure to smaller companies. the later category has recovered since the year end and the fund has clawed back around 8% of its underperformance.
The Chairman has met with ten parties who would be interested in doing something with the fund post the 2017 AGM (when a new continuation vote falls due). They say that most of the possible new arrangements would appear to meet the objectives of the Board to provide an attractive continuing vehicle and a cash alternative and they’ll start to evaluate these next year.
The manager’s statement will be available on our website tomorrow for anyone who wants to read it.
ARR : Ten parties circling around Aurora