In QuotedData’s morning briefing 12 March 2025:
- Ruffer Investment Company (RICL) announced its interim report for the six months to 31 December 2024. The company delivered a share price total return of 0.2% while the NAV total return was down 0.4%. The managers noted that the period was a frustrating one, although point out that the key to judging performance is over longer periods and not the results of one ‘half-cycle’ since the end of 2022. Over the past 5 years, 10 years and the 20 year period since inception, RICA net asset value total return (NAV TR) has exceeded its objective of twice the Bank of England base rate. With the shares still trading at a discount, the company implemented a significant buyback, repurchasing 13.1% of capital in calendar year 2024 and 4.4% in 2025, a total of 17.5% of share capital since 1 January 2024.
- Further to the company’s announcement on 31 January 2025 in connection with the proposals for the reconstruction and voluntary winding-up of the company, Miton UK MicroCap (MINI) has published a circular putting forward the proposals and convening the required general meetings. Shareholders will be able to elect to roll over their investment into Premier Miton UK Smaller Companies Fund, and/or to receive their entitlement upon the winding-up of the company in cash. The general meetings have been convened for: 11.00 a.m. on 10 April 2025 at 1 Finsbury Circus, London, EC2M 7SH and 11.00 a.m. on 21 May 2025 at 1 Finsbury Circus, London, EC2M 7SH.
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Stories you may have missed from Tuesday:
Positive 2024 in the bag as Mobius Investment Trust looks to future
