Interim Management Statement

RNS Number : 0944W

Rights and Issues Inv Trust PLC

12 November 2010

 



Interim Management Statement

Rights and Issues Investment Trust PLC today issues its second interim management statement covering the ten months to 31^st October 2010.

As has already been published, the unaudited net asset values at 31^st October 2010 were:

25p Capital Shares                   2736.8p           (2158.5p at the 31st December 2009)

25p Income Shares                     666.2p           (549.3p at the 31st December 2009)

After the fall earlier in the year, the stock market has recovered and the FTSE All Share Index has now risen by 6% in 2010. UK smaller company prices have performed better and the Trust has enjoyed a 25% increase to £61m as at 31^st October.

The prospects for the UK economy are mixed. The Comprehensive Spending Review has signalled the sharp forthcoming contraction in public expenditure. The VAT increase in 2011 will dampen consumer expenditure. World trade however continues its resurgence. UK smaller companies are likely to experience differing performances depending on the relative significance of these factors.

For further information:

Simon Knott 020-7415-4130

12^th November 2010

 

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