UIL Ltd (GB:UTL) has released an update.
UIL Limited reported a 3.8% decline in NAV total return for May, underperforming the FTSE All Share Index, amidst mixed global stock performances and persistent inflation. The company’s largest investment, Somers, saw a slight valuation drop, while portfolio adjustments included the sale of UEM shares and the re-entry of Arria NLG to their top ten holdings. Investors saw a quarterly interim dividend payment in May, with UIL’s share price dipping by 1% as the discount to NAV slightly narrowed.
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