Interim Management Statement

RNS Number : 4834R

Rights and Issues Inv Trust PLC

19 November 2012

 



Interim Management Statement

Rights and Issues Investment Trust PLC today issues its second interim management statement covering the ten months to 31^st October 2012.

As has already been published, the unaudited net asset values at 31^st October 2012 were:

25p Capital Shares                   3685.6p           (3004.6p at the 31st December 2011)

25p Income Shares                     894.7p           (735.2p at the 31st December 2011)

The last four months have seen modest progress in equity markets. The FTSE All Share Index has risen by 6% so far in 2012. The Trust has also maintained its sound performance with a 22% increase in total group equity funds to £83m as at 31^st October.

The impending "fiscal cliff" in the United States may add to equity volatility until it is resolved. The Euro zone has reverted into recession and faces negative growth in 2013. This latter factor will inevitably restrict UK corporate profitability in 2013 and so caution is required over future performance.

For further information:

Simon Knott 020-7415-4130

19th November 2012

 

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