Dividend Declaration

RNS Number : 7947V

City Natural Res High Yield Tst PLC

19 January 2012

 



To:                   RNS

From:              City Natural Resources High Yield Trust plc

Date:               19 January 2012

Second Interim Dividend

City Natural Resources High Yield Trust plc announces a second interim dividend of 0.77 pence per share (2011: 0.69 pence per share) payable on 24 February 2012 to shareholders on the register on 27 January 2012, having an ex-dividend date of 25 January 2012.

The payment of 0.77 pence per share represents an 11.6% increase on the 0.69 pence per share paid in respect of the same period last year.

This latest dividend payment is in line with the Company's progressive dividend policy which has paid an increased dividend each year since inception as shown below:

Financial Year             Total dividend              % increase

2004/05                       2.00p                           -

2005/06                       2.15p                           7.5%

2006/07                       2.35p                           9.3%

2007/08                       2.65p                           12.8%

2008/09                       3.07p                           15.8%

2009/10                       3.71p                           20.8%

2010/11                       4.22p                          13.7%

For further information please contact:

Will Smith                                                                   

New City Investment Managers

0207 201 5387

Beth Harris                                                     

Threadneedle Communications

0207 653 9850

Note to Editors:

City Natural Resources High Yield Trust plc is managed by Will Smith and Ian Francis of New City Investment Managers.

The investment objective of the Company is to provide shareholders with capital growth and income predominantly from a portfolio of mining and resource equities and of mining, resource and industrial fixed interest securities.

If you would like to receive the monthly factsheet on the City Natural Resources High Yield Trust or any of the other New City Investment Managers' funds please email [e-mail]     

Please see the below table for the Company's ordinary share total return and NAV total return performance over an 8 year period:

	1 Month %	3 Months %	6 Months %	12 Months %	3 Years %	5 Years %	From 01/08/03 %
Fund NAV	-5.91	-2.63	-17.58	-25.72	+166.67	+106.58	+551.61
Share Price	-7.62	-0.53	-19.24	-28.16	+230.13	+91.78	+447.46
Benchmark	-4.79	2.28	-17.47	-22.26	+80.90	+64.93	+255.78

Source: R&H Fund Services Limited.

Data correct as at 31 December 2011.

The Company's investment benchmark is 2/3 HSBC Global Mining Index (sterling adjusted) and 1/3 Credit Suisse High Yield Index (sterling adjusted).

 

END

 

 

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