Dividend Declaration

RNS Number : 4347P

City Natural Res High Yield Tst PLC

25 October 2012

 



To:                   RNS

From:              City Natural Resources High Yield Trust plc

Date:               25 October 2012

City Natural Resources High Yield Trust plc

("the Company")

First Interim Dividend

City Natural Resources High Yield Trust plc (ticker symbol CYN) announces a first interim dividend of 0.86 pence per share (2011: 0.77 pence per share) payable on 30 November 2012 to shareholders on the register on 2 November 2012, having an ex-dividend date of 31 October 2012.

The 0.86 pence represents an 11.7% increase on the dividend paid in respect of the same period last year.

This latest dividend payment is in line with the Company's progressive dividend policy which has seen an increased dividend paid each year since inception as shown below:

Financial Year             Total dividend              % increase

2004/05                       2.00p                           -

2005/06                       2.15p                           7.5%

2006/07                       2.35p                           9.3%

2007/08                       2.65p                           12.8%

2008/09                       3.07p                           15.8%

2009/10                       3.71p                           20.8%

2010/11                       4.22p                          13.7%

2011/12                       4.83p                           14.5%

For further information please contact:

Will Smith                                                                   

New City Investment Managers

0207 201 5387

Beth Harris                                                     

Newgate Threadneedle

0207 653 9850

Note to Editors:

Winner of the best commodity fund at the Investors Chronicle Fund Awards 2012.

City Natural Resources High Yield Trust plc is managed by Will Smith and Ian Francis 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 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 over a 9 year period:

	1 Month %	3 Months %	6 Months %	12 Months %	3 Years %	5 Years %	From 01/08/03 %
Company NAV	+5.09	+6.48	-15.66	-11.73	+30.49	+45.52	+488.01
Share Price	+1.39	+2.55	-15.82	-9.14	+40.93	+32.56	+400.43
Benchmark	+5.26	+4.70	-4.57	-0.40	+13.88	+13.06	+246.46

Source: R&H Fund Services Limited.

Data correct as at 30 September 2012.

The Company's investment benchmark is 2/3 HSBC Global Mining Index (sterling adjusted) and 1/3 Credit Suisse High Yield Index (sterling adjusted).

 

END

 

 

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