CT Private Equity trust discount to NAV widens to 33.2%

Share price total return of 0.4%

Cristian Angeloni
clock • 3 min read

CT Private Equity trust has posted a further widening to its discount to net asset value at 33.2%, as of 23 November, compared with 32.8% at the end of the third quarter of 2023.

In its Q3 results today (24 November), the trust reported NAV of 693.3 pence per ordinary share, reflecting a 3.3% return for the quarter and 0.9% return for the first nine months of the year. Share price total return for the three-month period stood at 0.4%. Columbia Threadneedle shutters CT Asia Pacific Equity fund CTPE noted the pound has been weaker against most major currencies in Q3, which had increased its NAV by around 1.3%. However, it noted there has been minimal impact of currency in the year to date. The trust also revealed that a 7.01p dividend will be paid to share...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Cristian Angeloni
Author spotlight

Cristian Angeloni

Senior Reporter at Investment Week

More on Investment Trusts

An additional 162 properties have been exchanged for sale at a total of £25.7m, which are expected to complete this month.

Home REIT sells additional 98 properties for £26.5m

162 exchanged for sale

Cristian Angeloni
clock 08 January 2024 • 4 min read
Although the sector closed the year in positive territory, investment trust performance was 'well behind' US and global equity market indices.

Investment trusts close 2023 with 4.6% performance boost

Numis research

Cristian Angeloni
clock 03 January 2024 • 3 min read
Charlotte Cuthbertson (pictured), fund manager at Asset Value Investors and co-manager of MIGO Opportunities trust

AVI's Charlotte Cuthbertson: The resilient reinvention of investment trusts

Autumn of 2023 'golden period' for ITs

Charlotte Cuthbertson
clock 21 December 2023 • 5 min read
Trustpilot