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Personal Assets PLC on Thursday said its net asset value performance topped that of the FTSE All-Share index.
In its financial year that ended April 30, net asset value per share rose by 5.8%, compared to its benchmark, which grew 5.1%.
The Edinburgh-based FTSE 250-listed investment trust declared a special dividend of £1.40 per share. This will be on top of a £1.40 first interim dividend declared for the new financial year, which is the same interim dividend that it paid last year.
Personal Assets's total income during the time however fell to £119.9 million from £140.4 million a year ago. Annual pretax profit shrank to £108.6 million from £130.7 million.
‘Supply constraints resulting from the pandemic have been more persistent than many expected. The recent tragic events in Ukraine present a further unwelcome geopolitical shock and extend the current inflationary backdrop, aggravating supply shortages for energy and food, in particular. There is a political acceptance that more resilient supply chains are needed, and re-shoring may be part of the solution,’ the company's Investment Manager Sebastian Lyon explained.
Personal Assets Trust shares were 0.3% higher at 49,000.00 pence each in London on Thursday morning.
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