www.citlon.co.uk/

int ex 9/2. fin ex 27/11
City of London Investment Management Company Limited operates from four centers, London, Philadelphia (established 1995), Singapore (established 2000) and Dubai (established 2007), managing assets primarily for institutional investors.

In 2002 and 2003 the investment team started to delve deeper into the stages of country development from "developing" to "developed", especially China and India, and the implications thereof, namely, the rise in the consumption of natural resources.

In 2004, using our in-house equities team, we launched the Natural Resources strategy in order to capitalise on the growing demand for natural resources via a stock selection process.

In 2005, we extended our emerging markets expertise into the frontier markets by launching the Frontier Emerging Markets strategy.

In 2009, we applied our unrivaled knowledge of closed-end funds around the world to the development of a Global Closed-End Fund strategy, using the same investment process as in our Emerging Markets Closed-End Fund strategy.

In 2010, our equity team launched the Emerging Market Equity strategy which aims to achieve long term capital growth from investing in companies which derive the majority of their profits from the emerging economies. The strategy provides diversified global emerging markets exposure, although sector and country allocation will be actively managed and stock selection will reflect a strong thematic overlay.

D M. Cardale – Non-Executive Chairman
Barry. M. Olliff – Chief Executive Officer, Chief Investment Officer
Carlos. M. Yuste – Business Development Director
Tom. W. Griffith – Chief Operating Officer


In 2011, our equity team launched the Emerging Market Equity strategy which aims to achieve long term capital growth from investing in small capitalisation companies which derive the majority of their profits from the emerging economies. The strategy provides diversified global emerging markets exposure, although sector and country allocation will be actively managed and stock selection will reflect a strong thematic overlay.

in profit again, onwards and upwards.,.

Strong again today - ex dividend 9th October @16p.

Ah yes, that rather juicy divvy.. thanks for the reminder Skinny -):

Trying 270p.

Interim Management Statement

AGM Trading Update

City of London (LSE: CLIG), a leading emerging markets asset management group, provides an Interim Management Statement for the period 31st May 2013 to 30th September 2013. City of London's Annual General Meeting is being held today.



Funds under Management

As at 30th September 2013, FuM were US$3.4 billion (£2.1 billion). This compares to US$3.7 billion (£2.4 billion) at the Company's year-end on 31st May 2013. In US dollar terms, allowing for client withdrawals, this represents a fall of 8% against the MSCI Emerging Markets Index, which fell by 1% over the same period. With the September reopening of the core emerging markets strategy we are able to report the first major mandate win, with expected funding in the fourth quarter of 2013.



Operations

The Group's income accrues at a weighted average rate of approximately 92 basis points, net of commissions. Costs remain under control with "fixed" costs in line with budget at £0.8 million per month, and accordingly the current run-rate for operating profit, before profit-share at 30%, is approximately £0.8 million per month based upon current FuM and a US$/£ exchange rate of US$1.6 to £1. The Group estimates that post-tax profit for the first four months of the year will be approximately £1.6 million.

We continue to raise the profile of the diversification products with prospects and consultants. This includes the China A Share CEF strategy, where we are awaiting approval for our second tranche of US$100 million in Qualified Foreign Institutional Investor quota.

Dividends

The final dividend of 16 pence per share, subject to approval at today's AGM, will be paid on 25th October 2013, bringing the total dividend for the financial year 2012-13 to 24 pence. Encouraged by both recent marketing success and a recovery in emerging markets, the Board is hopeful that run-rate profits will be sufficient to maintain the dividend during the current year, although this is likely to require a continued relaxation of the Group's 1.5 x dividend cover policy.

Remuneration Policy

The Board is aware of understandable concerns by shareholders with regard to the firm's remuneration policy.

Firstly as regards the compensation payments paid to the former CEO and FD, these were made after very extensive consultation and negotiation and were, in the unanimous opinion of the Board, made in the best interests of the company and its shareholders. Regrettably the Compromise Agreements entered into prevent the disclosure of any further information in connection with those payments.

Secondly, as regards the firm's ESOP programme, the Board is again unanimous that it is in the best interests of CLIG. It should be noted that the shares issued are non-dilutive as they are purchased in the market, no new shares are issued, and, most importantly, our clients continue to emphasise the desirability of significant staff participation in the equity of CLIG.

Board composition

As previously announced, Barry Aling joined the Board on 1st August 2013. He has assumed the role of Audit Committee Chair. Allan Bufferd is the Senior Independent Director and Chairs the Remuneration Committee. Rian Dartnell is the Nominations Committee Chair.

Half year results for the six months to 30th November 2013 will be announced on 20th January 2014.

Ex dividend tomorrow - 16p.

Update on Monday.

Financial Calendar

Trading Update

FUNDS UNDER MANAGEMENT AS AT 30 NOVEMBER 2013, TRADING UPDATE


City of London (LSE: CLIG) announces that total funds under management (FuM) at the Group's half year end on 30 November 2013 were US$3.5 billion (£2.1 billion). This compares with US$3.9 billion (£2.4 billion) at 30 November 2012 and US$3.7 billion (£2.4 billion) at 31 May 2013.

As previously announced, FuM on 30 September 2013 were US$3.4 billion (£2.1 billion). FuM increased by 3% over the period, which was in line with the increase in the MSCI Emerging Markets Index (MXEF) from 987 to 1018 over the same period.

As of the end of November the monthly "run-rate" for operating profit, before profit-share of c. 30%, is approximately £0.8 million per month based upon current FuM. The Group estimates the unaudited profit before taxation for the six months ended 30 November 2013 to be approximately £3.3 million, which compares to £4.7 million for the equivalent period to 30 November 2012.

The Company is currently in a close period which will end with the publication of results for the six months ended 30 November 2013 on 20 January 2014.

-ends-

Canaccord Genuity Buy 242.00 245.00 333.00 333.00 Retains

Half Yearly Report

SUMMARY

• Funds under Management ("FuM") of US$3.5 billion (£2.1 billion) at 30th November 2013. This compares with
US$3.7 billion (£2.4 billion) at the beginning of this financial year on 1st June 2013 and US$3.9 billion (£2.4 billion)
at 30th November 2012

• FuM at 31st December 2013 of US$3.5 billion (£2.1 billion)

• Revenues representing the Group's management charges on FuM, were £11.8 million (2012: £15.1 million)

• Profit before tax of £3.3 million (2012: £4.7 million)

• Maintained interim dividend of 8p per share payable on 28th February 2014 to shareholders on the register on
7th February 2014

• Cash and cash equivalents at the period end of £9.9 million (2012: £5.8 million)

• Change of financial year end from 31st May to 30th June


"It was with considerable pleasure that we witnessed towards the endof the 6 month period both confirmation of
the turnaround in our investment performance together with renewed interest in taking advantage of
a "cheap" Emerging Markets CEF sector by contrarian and opportunistic investors."

David Cardale, Chairman

nice move

Can I expect the share price to rise to my purchase price?

The only good thing about this company so far is the yield.

Back in profit here fred...... smug look ;)

Dividends

Since becoming a public company in 2006, it has been your board's policy at least to maintain the dividend within the constraints of financial responsibility. In the light of both our substantial uncommitted liquid resources, together with the improved trading outlook, it is our intention, notwithstanding the weaker trading overthe first half year, to pay a maintained dividend of 8p on 28th February 2014 to shareholders on the register on

7th February 2014.


Our dividend payment policy has normally been based on a split of one third/two thirds between the interim and the final, and currentlythere are no plans for this to change however this assumes a continuation of the recovery that we have been benefitingfrom in recent months. In the light of the limited amount of working capital that a business of this nature both needs and, in addition,is required by the regulators to maintain, the board is reviewing the logic of our historic policy of a target cover as high as 1.5 times.

Looking positive.

8p div, on wednesday......lovely.,.

INTERIM MANAGEMENT STATEMENT
Quarterly Funds under Management ("FuM") Update

City of London (LSE: CLIG), a leading emerging markets asset management group, provides an Interim Management Statement for the period 1 December 2013 to 28 February 2014.

Funds under Management

As at 28 February 2014, FuM were US$3.4 billion (£2.0 billion). This compares to US$3.5 billion (£2.1 billion) at the end of the first six months of the year on 30 November 2013. In US dollar terms, this represents a fall of 3%, as compared to a 5% fall in the MSCI Emerging Markets Index over the same period. Net inflows of $55 million have been confirmed for funding during March 2014.

Operations

The Group's income is currently accruing at a weighted average rate of approximately 86 basis points, net of commissions, which is consistent with the forward guidance provided in the half year report. "Fixed" costs are running to budget at £0.8 million per month, accordingly, the current run-rate for operating profit, before profit-share, is approximately £0.6 million per month based upon current FuM and a US$/£ exchange rate of US$1.67 to £1. Additional cost efficiencies in excess of £0.5 million are currently being implemented, some of which will accrue in this financial year and some of which will accrue next year.

Subject to final agreement, the Board expects to extend Chief Executive Barry Olliff's employment agreement until 2019. This follows the previously announced handing over of his Emerging Market CIO responsibilities to Mark Dwyer by September 2015.

Dividends

The interim dividend of 8 pence per share was paid on 28 February 2014; the Board has not revised its position on the final dividend as communicated to shareholders in the Interim Statement released on 20 January 2014.

Due to the change in year end from 31 May to 30 June the Group's pre-close trading update will now be released on 15 July 2014.

Director/PDMR Shareholding

The Company would like to advise that Barry Olliff, Chief Executive Officer, bought 50,000 ordinary shares of 1p each. Details of the purchases are set out in the table below:

Date Price No. of shares
4 March 2014 £2.55 25,000
5 March 2014 £2.50 25,000



These transactions took place in London.
Mr Olliff's resultant shareholding in the Company is shown below:

Director Resultant holding % of issued share capital

Barry Olliff 3,130,000 11.6%

nearly as many as i have........

.