City of London Investment Trust Expands Share Capital and Updates Voting Rights

City of London Investment Trust PLC ( (GB:CTY) ) just unveiled an update.

The City of London Investment Trust PLC has issued 175,000 new ordinary shares of 25p each under its block listing facility at a price of 531.0p per share, bringing the total number of ordinary shares in issue to 504,007,106. Following this allotment, the total voting rights in the company now stand at 33,660,155 across ordinary shares, First Preference Stock and Preferred Ordinary Stock, a figure that shareholders are advised to use when assessing whether they must disclose changes in their holdings under the FCA’s Disclosure Guidance and Transparency Rules.

Spark’s Take on GB:CTY Stock

According to Spark, TipRanks’ AI Analyst, GB:CTY is a Neutral.

City of London Investment Trust PLC benefits from strong financial performance and an attractive valuation, particularly in terms of its low P/E ratio and consistent dividend policy. However, technical indicators suggest potential price weakness, and limited cash flow transparency poses some risk. Recent corporate events show management’s confidence, but the technical analysis and cash flow opacity weigh more heavily on the overall score.

To see Spark’s full report on GB:CTY stock, click here.

More about City of London Investment Trust PLC

The City of London Investment Trust PLC is a UK-listed investment trust managed by Janus Henderson, focusing on providing investors with exposure to a diversified portfolio of income-generating equities. It operates in the asset management and investment trust industry, offering ordinary shares and various classes of stock to investors seeking long-term income and capital growth from predominantly UK and global equity markets.

Average Trading Volume: 897,771

Technical Sentiment Signal: Buy

See more insights into CTY stock on TipRanks’ Stock Analysis page.