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CC Japan Income & Growth Trust Lifts Dividend Despite Lower Net Assets
Fri, 26th Feb 2021 11:53
(Alliance News) - CC Japan Income & Growth Trust PLC on Friday said it underperformed its benchmark in its recently-ended financial year.
The investment firm said net asset value per share declined as at the end of October 2020 to 136.8 pence compared to 158.9p reported the year before.
The company s share price stood at 119.5p as at the end of October, representing a 12.6% discount to NAV, sharply widened from 5.6% discount at the end of October 2019.
CC Japan Income & Growth Trust shares were trading 3.5% lower in London on Friday at 128.30p each.