Dividend Declaration

RNS Number : 6916H

City of London Investment Trust PLC

07 April 2022

 

JANUS HENDERSON FUND MANAGEMENT UK LIMITED

THE CITY OF LONDON INVESTMENT TRUST PLC

LEGAL ENTITY IDENTIFIER: 213800F3NOTF47H6AO55

7 April 2022

THE CITY OF LONDON INVESTMENT TRUST PLC

Dividend on Ordinary Shares

The Board of The City of London Investment Trust plc announces that:

A third interim dividend of 5.00p per ordinary share of 25p, in respect of the year ending 30 June 2022, will be paid on 31 May 2022 to holders registered at the close of business on 29 April 2022. The Company's shares will go ex-dividend on 28 April 2022.

The Board intends to declare a fourth interim dividend of 5.00 p per share for the year to 30 June 2022. The fourth interim dividend will be declared in July 2022. This would make a total dividend for the year to 30 June 2022 of 19.60 p per share, an increase of 2.6 % on the previous year and the Company's 56^th consecutive annual increase. The 19.60p dividend for the year to 30 June 2022 is expected, based on our current projections for the revenue account, to be fully covered by earnings with a surplus carried to the revenue reserve.

For further information please contact:

Job Curtis Fund Manager The City of London Investment Trust plc Telephone: [phone]

James de Sausmarez Director and Head of Investment Trusts Janus Henderson Investors Telephone: [phone]

Harriet Hall Investment Trusts PR Manager Janus Henderson Investors Telephone: [phone]

 

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