City of London Investment Trust PLC (GB:CTY) has released an update.
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City of London Investment Trust PLC reported a strong net asset value total return of 15.6%, outperforming the FTSE All-Share Index and marking the 58th consecutive year of dividend increase, fully supported by earnings per share. The Trust highlighted controlled expenses with an ongoing charge of 0.37%, along with a reduction in investment management fees to further lower future charges. It also emphasized its robust revenue reserve growth and a strategic reduction in overseas stock weightings, enhancing its focus on UK-listed equities.
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