News Column

Aberforth Geared Income Reports Total Return

July 29, 2014

Samuel Agini

LONDON (Alliance News) - Aberforth Geared Income Trust PLC Tuesday reported increases in the total return performance of its ordinary share net asset value and of its zero dividend preference share net asset value over the past year, as well as similar increases in share price total return.

In a statement the trust said its ordinary share NAV total return was up 41.9% in the year ended June 30, while the ordinary share price total return was 44.1%. The zero dividend preference share NAV was up 6.75%, while the zero dividend share price total return was up 6.1%.

The trust also said it will pay a second interim dividend of 4.85 pence per share plus a 1.20 pence special dividend.

The trust aims to provide ordinary shareholders with a high level of income, with the potential for income and capital growth. It also attempts to give zero dividend preference shareholders a pre-determined capital entitlement of 159.7 pence per share on the June 30 2017 planned winding-up date.

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Source: Alliance News

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