Interim Management Statement

RNS Number : 3646M

Rights and Issues Inv Trust PLC

21 May 2010

 



Interim Management Statement

Rights and Issues Investment Trust PLC today issues its first interim management statement for 2010 covering the four months to 30^th April 2010.

As has already been published, the unaudited net asset values at 30th April 2010 were:

25p Capital Shares                   2364.9p           (2158.5p at the 31st December 2009)

25p Income Shares                   574.8p             (549.3p at the 31st December 2009)

Reasonable progress was achieved by the UK equity market in the first four months of 2010 with the FTSE All Share Index rising by 3.7%. Smaller companies fared better with rises of 6.6% for the FTSE Small Cap Index and 8.2% for the FTSE Fledgling Index. The performance of the Trust matched this performance with total group equity funds rising by 8.2% to £53m as at 30^th April.

May has proved to be far more difficult as the Euro crisis has unfolded and so far this month the FTSE All Share Index has fallen by 10%. It is too early yet to decide whether this is a temporary setback or the start of a new trend for equities.

For further information:

Simon Knott  020-7415-4130

21 May 2010

 

END

 

 

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