Investors Capital has released results for the year ended 31 March 2016. The Company’s Equities Portfolio produced a total return of -2.4 per cent. during the year to 31 March 2016, while the Higher Yield Portfolio returned 1.1 per cent. Returns from the Equities Portfolio and the Higher Yield Portfolio, combined with the effect of gearing and expenses, resulted in a net asset value total return for the A shares and B shares of -2.8 per cent. for the year. This return was ahead of the -3.8 per cent. total return for the FTSE All-Share Capped 5% Index, the Company’s benchmark.
For each of the Company’s first three quarters, the dividends paid on the A shares and capital repayments on the B shares were 1.14p per share. A fourth quarter dividend of 1.18p per share was paid to A shareholders, and a capital repayment of the same amount paid to B shareholders, on 6 May 2016. This gives a total dividend/capital repayment of 4.60p per share in respect of the year to 31 March 2016, which represents an increase of 2.7 per cent. compared to the previous year.
the manager’s report didn’t make it into the announcement and the full annual report hasn’t been published yet so, if you are interested to find out what drove returns, you’ll have to wait for the full report. this should be available on the company page (click the link above) in the documents section in a few days.
ICTA / ICTB : Investors Capital just ahead of benchmark