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JPMorgan Claverhouse Investment Trust PLC - invests in income generating UK companies with a focus on those that provide consistent and growing dividends - Records that the total return on net assets was negative 12.8% in the six months to June 30, underperforming its benchmark, the FTSE All Share, which fell by 4.6%.
Net assets value per share as at June 30 falls 11% to 666.6 pence from 747.5p, year-on-year. Its share price as at June 30 declines by 16% to 650p from 772p as at 31st December. Attributes this to slowed economic growth in the UK and globally, due to high interest rates, rising inflation, and soaring energy prices.
Declares a second quarterly dividend of 7.50p per share, up 7.1% from 7.00p.
Warns that there are no signs of an immediate recovery. Notes that the UK market continues to represent ‘relatively’ good value.
Current stock price: 681.40 pence
12-month change: down 10%
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