Update note from QuotedData

Summary by AI BETAClose X

City Natural Resources Growth and Income transferred its management contract to Tufton Investment Management in September 2026, restoring prior portfolio management while adding Tufton’s energy and shipping expertise. Over the year to 31 October 2026 CYN's NAV rose 28.8% and its share price rose 37.2%, both including income, as managers rotated exposure from precious metals into energy when valuations became more attractive. Shareholder-friendly measures introduced in 2025 narrowed the discount; shares have traded close to NAV and occasionally at a premium, enabling the company to issue equity.

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