Interim Management Statement

RNS Number : 7828D

Rights and Issues Inv Trust PLC

21 May 2012

 



Interim Management Statement

Rights and Issues Investment Trust PLC today issues its first interim management statement for 2012 covering the four months to 30^th April 2012.

As has already been published, the unaudited net asset values at 30th April 2012 were:

25p Capital Shares                   3720.9p           (3004.6p at the 31st December 2011)

25p Income Shares                     878.1p           (735.2p at the 31st December 2011)

The UK equity market saw progress in the first four months of 2012 with the FTSE All Share Index increasing by 4.4%. Smaller companies outperformed with rises of 13.9% for the FTSE Small Cap Index and 11.5% for the FTSE Fledgling Index. The Trust exceeded both smaller cap indices' performance with total group equity funds rising by 22.6% to £83m as at 30^th April.

However, so far in May, there has been a significant decline in equity markets following renewed concerns over the Euro zone. The FTSE All share index has declined by nearly 8% and smaller cap indices have recorded falls of 7%. Therefore there is a strong need to be cautious over future performance.

For further information:

Simon Knott  020-7415-4130

21 May 2012

 

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