Dividend Declaration

RNS Number : 5363Q

City Natural Res High Yield Tst PLC

20 October 2011

 



To:                   RNS

From:              City Natural Resources High Yield Trust plc

Date:               20 October 2011

City Natural Resources High Yield Trust plc

("City Natural Resources" or "the Company"

First Interim Dividend

City Natural Resources High Yield Trust plc (CYN) today announces a first interim dividend of 0.77 pence per share (2010: 0.69 pence per share) payable on 25 November 2011 to shareholders on the register on 28 October 2011, having an ex-dividend date of 26 October 2011.

The 0.77 pence represents an 11.6% increase on the dividend 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 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 from a portfolio of mining and resource equities, resources 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' trusts please email [e-mail]    

Please see the below table for the Company's ordinary share and NAV performance over a 7 year period:

	1 Month %	3 Months %	6 Months %	12 Months %	3 Years %	5 Years %	From 01/08/03 %
Fund NAV	-13.07	-15.36	-21.96	+3.18	+111.37	+163.14	+569.18
Share Price	-17.00	-18.81	-27.24	-0.31	+112.64	+133.92	+450.37
Benchmark	-13.95	-19.32	-22.21	-9.42	+50.94	+76.15	+247.84

Source: F & C Asset Management Plc/Data Stream

Data correct as at 30 September 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).

Performance data is calculated from 1 August 2003 (total return basis).

 

END

 

 

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