Reclassification of AIC sector

RNS Number : 9767K

Caledonia Investments PLC

19 December 2018

 

CALEDONIA INVESTMENTS PLC

RECLASSIFICATION INTO AIC FLEXIBLE INVESTMENT SECTOR

Caledonia Investments plc ("Caledonia") is pleased to announce that it has been reclassified by the Association of Investment Companies ("AIC") from the Global to the Flexible Investment sector.

The AIC launched the Flexible Investment sector in January 2016, incorporating "companies whose policy allows them to invest in a range of asset types".  Caledonia is the 20th investment company now classified within the sector, a category also used by the Investment Association.

Commenting on the reclassification, Will Wyatt, Chief Executive of Caledonia, said:

"Caledonia aims to deliver long term growth to both shareholder capital and income by investing in a range of asset classes, across a variety of sectors and regions, through our four distinct pools of capital - Quoted, Income, Unquoted and Funds.

"We believe that this makes us most suited to the Flexible Investment sector and are therefore delighted that the AIC has made this change, which will further build our profile with investors and advisers."

19 December 2018

For further information please contact:

Caledonia Investments plc

Will Wyatt,                                                          [phone]

Chief Executive

Media contact:

Tulchan Communications

Tom Murray                                                       [phone]

Lisa Jarrett-Kerr

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Notes for editors:

Caledonia Investments plc

Caledonia is a self-managed investment trust company listed on the London Stock Exchange with net assets of £2.0bn as at 30 November 2018. The company maintains a concentrated portfolio of international quoted, unquoted and fund investments and has paid an increasing annual dividend for 51 years.

For additional information on Caledonia, please visit www.caledonia.com.

 

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