Murray International Trust PLC Recommends Final Dividend, Payable on May 16, 2013; Announces Board Changes; Reports Earnings Results for the Year Ended December 31, 2012
February 27, 2013 at 02:00 am EST
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Murray International Trust PLC announced that board is now recommending a final dividend of 13.5 pence which, subject to the approval of shareholders at the annual general meeting, will be paid on May 16, 2013 to shareholders on the register on 5 April 2013. Subject to the approval of the final dividend, the total Ordinary dividend for the year will amount to 40.5 pence, an increase of 9.5% from last year.
The company announced that Ms. Campbell has agreed to become Chairman of the Audit Committee with effect from the end of the AGM on 11 April 2013. Mr. Shedden will stand down as Chairman of the Audit Committee from that date but will remain a member of the Audit Committee.
For the year ended December 31, 2012, the company reported net return before finance costs and taxation of £146,145,000, compared to £5,217,000 for the last year. Return on ordinary activities before tax was £141,988,000, compared to £1,012,000 for the last year. Return attributable to equity shareholders was £138,838,000, compared to loss attributable to equity shareholders of £1,798,000 for the last year. Return per ordinary share assuming full conversion of the B ordinary shares was 118.3 pence, compared to loss of 1.6 pence per ordinary share for the last year. Net cash inflow from operating activities was £42,571,000, compared to £41,679,000 for the last year. Net asset value per ordinary and B ordinary shares was £975.8 pence, compared to 892.2 pence as on Dec. 31, 2011.
Murray International Trust PLC is a United Kingdom-based investment trust. The investment objective of the Company is to achieve an above average dividend yield, with long term growth in dividends and capital ahead of inflation, by investing principally in global equities. The Companyâs assets are invested in a diversified portfolio of international equities and fixed income securities spread across a range of industries and economies. It holds other securities including index-linked securities, convertible securities, preference shares, unlisted securities, depositary receipts and other equity-related securities. It also invests in derivatives. The Company invests in various sectors, such as energy, basic materials, industrials, consumer staples, health care, telecommunications, utilities, financials, real estate and technology. The Company's alternative investment fund manager is abrdn Fund Managers Limited.
Murray International Trust PLC Recommends Final Dividend, Payable on May 16, 2013; Announces Board Changes; Reports Earnings Results for the Year Ended December 31, 2012