The City of London Investment Trust plc

The City of London Investment Trust plc has a portfolio predominantly invested in large companies. it has a wholly independent Board of directors and the portfolio is managed by henderson Global Investors Limited.
Objective :The company's objective is to provide long term growth in income and capital,principally by investment in UK equities. the Board continues to recognise the importance of dividend income to shareholders.
Chaieman's statement (Simon de Zoete):For the year ended 30 June 2008 , City of London's revenue return per share increase by 16.7% ,the dividend increased by 12.6% and the net value total return declined by 18.3%.
total return----------------30 June 2008----------------------30 June 2007
NAV --------------------- (-18.3%)---------------------------(+21.0%)
Ordinary share price------- (18.0%)----------------------------(+17.2%)
benchmark ---------------- (-14.0%)---------------------------(+20.3%)
FTSE All share Index------ (-13.0%)---------------------------(+18.4%)
NAV performance versus
benchmark (-4.3%)----------------------------(+0.7%)
UK Growth&Income
Sector Average (-20.8%)--------------------------(+20.6%)
Dividend Yields
The City of London------- (5.0%)----------------------------3.4%
FTSE All share Index
-4% capped 4.1% ----------------------------2.7%
FTSE All share Index 4.1% -----------------------------2.8%
FTSE 350 Equity
instryment Index 1.8%-----------------------------1.6%

UK Growth & Income
Sector Average -----------5.0%------------------------------3.4%
Revenue
Earnings per ordinary
share---------------------13.53p-----------------------------11.59p
Dividends per ordinary
share---------------------11.60p-----------------------------10.30p
Revenue reserve--------- $25.9m----------------------------$21.2m
Revenue reserve per
ordinary share ----------12.49p-----------------------------10.18p