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City of London IT (CTY)

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Friday 29 August, 2008

City of London IT

Dividend Declaration

RNS Number : 3846C
City of London Investment Trust PLC
29 August 2008
 



HENDERSON GLOBAL INVESTORS

THE CITY OF LONDON INVESTMENT TRUST PLC

29 AUGUST 2008



THE CITY OF LONDON INVESTMENT TRUST PLC


Dividend Resolution - 29 August 2008




The Board of The City of London Investment Trust plc announces:


Dividend on the Ordinary Shares


That a first interim dividend of 3.08p per Ordinary Share of 25p, in respect of the year ending 30 June 2009, be paid on 28 November 2008 to holders registered at the close of business on 24 October 2008. The Company's shares will go ex-dividend on 22 October 2008.


The Board is also forecasting a minimum dividend of 12.32p per share for the year to 30 June 2009, an increase of 6.2% on an annual basis. The quarterly rate will next be considered when the Company's third interim dividend is declared in March 2009, by which time the Board will be able to assess better the trend in the income performance of the portfolio.  




For further information please contact:


Job Curtis

Portfolio Manager 

The City of London Investment Trust plc

Telephone: 020 7818 4367


James de Sausmarez

Head of Investment Trusts

Henderson Global Investors

Telephone: 020 7818 3349



-ENDS-



This information is provided by RNS
The company news service from the London Stock Exchange
 
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