Dividend Declaration - Replacement

RNS Number : 1894V

City Natural Res High Yield Tst PLC

19 July 2018

 

The following amendments have been made to the 'Dividend Declaration' announcement released on 19 July 2018 at 07:00 under RNS No 0689V.

Record date is now 27 July 2018 changed from 26 July 2018.

Ex-dividend date is now 26 July 2018 changed from 27 July 2018.

All other details remain unchanged.

The full amended text is shown below.

To:                    RNS

From:               City Natural Resources High Yield Trust plc

LEI:                  549300ES8CNIK2CQR054

Date:                19 July 2018

City Natural Resources High Yield Trust plc

("the Company")

Interim Dividend

City Natural Resources High Yield Trust plc (ticker symbol CYN) announces an interim dividend payment of 2.62 pence per share (2017: 3.02 pence per share) payable on 31 August 2018 to shareholders on the register on 27 July 2018, having an ex-dividend date of 26 July 2018.

In the Chairman's Statement in the interim accounts on 12 March 2018, the Company said that it 'intends to rebalance the third and fourth dividend payments to 1.26 pence and 2.62 pence'. The interim dividend payment of 2.62 pence per share is part of that rebalancing.

The total dividend paid and declared in respect of the year to 30 June 2018 has been maintained at 5.60 pence per share (2017: 5.60 pence per share).

For further information please contact:

Craig Cleland                                                                

CQS (UK) LLP

0207 201 5368

Martin Cassels

Maitland Administration Services (Scotland) Limited

0131 550 3760

Note to Editors:

City Natural Resources High Yield Trust plc is managed by Ian Francis, Keith Watson and Rob Crayfourd of New City Investment Managers.

The investment objective of the Company is to provide shareholders with capital growth and income predominantly from a portfolio of mining and resource equities and of mining, resource and industrial fixed interest securities.

If you would like to receive the monthly factsheet on City Natural Resources High Yield Trust plc or any of the other New City Investment Managers' funds please email: [e-mail]

Please see the below table for the Company's ordinary share total return and NAV total return performance for the periods to 30 June 2018:

	1 Month %	3 Months %	6 Months %	12 Months %	3 Years %	5 Years %	From 01/08/03 %
Company NAV	-2.24	+5.06	-3.55	+12.06	+34.12	+7.62	+304.34
Share Price	-4.61	+2.84	-2.58	+9.93	+42.20	+8.50	+239.34
Benchmark	+0.78	+8.30	+1.69	+15.68	+55.44	+40.97	+299.63

Source: Maitland Administration Services (Scotland) Limited.

Data correct as at 30 June 2018.

The Company's investment benchmark is 80 per cent HSBC Euromoney Mining Index (sterling adjusted) and 20 per cent Credit Suisse High Yield Index (sterling adjusted).

 

END

 

 

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