Investors Capital half hear results for the period ended 30 September 2015 show an NAV total return of -6.1%, modestly better than the -7.0% return posted by the FTSE All-Share Capped 5% Index. The interim dividend was increased by 2.7% and the plan is to pay dividends totalling 4.6p for the year ended 31 March 2016. The first three quarterly dividends will be paid in equal instalments of 1.14p per share and a fourth quarterly dividend of approximately 1.18p is expected to be paid to A shareholders. B Shareholders will receive capital repayments of the same amount per share at the same time as dividends are received by A shareholders.
There is no manager’s report in the statement and therefore we have no information on the drivers of performance during the period.
ICTA / ICTB : Investors Capital reports modest outperformance