Investors Capital Trust says it generated a net asset value total return for the A shares and B shares of 13.4 per cent. over the six months to 30 September 2016. This return was ahead of the 12.7 per cent. total return for their benchmark. During the six months to 30 September 2016, the company’s equities portfolio produced a total return of 12.5 per cent. The higher yield portfolio is invested in predominantly investment grade corporate bonds and returned 3.6 per cent.
The Company’s dividend for the year ending 31 March 2017 is estimated, barring unforeseen circumstances, to be 4.72p per share which represents an increase of 2.6 per cent compared to the prior year (2016: 4.60p per share). The first three quarterly dividends will be paid in equal instalments of 1.17p per share and a fourth quarterly dividend of approximately 1.21p 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.
ICTA / ICTB : Investors Capital ahead of benchmark in first half