DUNEDIN INCOME GROWTH INVESTMENT TRUST PLC
HALF YEARLY REPORT FOR THE SIX MONTHS ENDED 31 JULY 2022
Legal Entity Identifier (LEI): 549300PXLZPR5JTL763
INVESTMENT OBJECTIVE
The objective of Dunedin Income Growth Investment Trust PLC is to achieve growth of income and capital from a portfolio invested mainly in companies listed or quoted in the United Kingdom that meet the Company's sustainable and responsible investing criteria as set by the Board.
BENCHMARK
The Company's benchmark is the FTSE All-Share Index (total return). Performance is measured on a net asset value total return basis over the long-term.
Performance Highlights and Financial Calendar
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Net asset value total return per Ordinary shareAB |
Share price total return per Ordinary shareA |
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Six months ended 31 July 2022 |
Six months ended 31 July 2022 |
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(0.1)% |
(2.6)% |
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Year ended 31 January 2022 |
+8.1% |
Year ended 31 January 2022 |
+12.5% |
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Revenue return per Ordinary share |
FTSE All-Share Index total return |
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Six months ended 31 July 2022 |
Six months ended 31 July 2022 |
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8.54p |
(0.1)% |
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Six months ended 31 July 2021 |
7.35p |
Year ended 31 January 2022 |
+18.9% |
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Dividend yieldA |
(Discount)/premium to net asset valueAB |
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As at 31 July 2022 |
As at 31 July 2022 |
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4.4% |
(2.2)% |
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As at 31 January 2022 |
4.2% |
As at 31 January 2022 |
0.3% |
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A Considered to be an Alternative Performance Measure. |
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B With debt at fair value. |
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An explanation of the Alternative Performance Measures is provided below. |
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Financial Calendar
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Payment dates of quarterly dividends |
25 November 2022 |
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Financial year end |
31 January 2023 |
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Expected announcement of results |
March 2023 |
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Annual General Meeting (Dundee) |
16 May 2023 |
Financial Highlights
|
31 July 2022 |
31 January 2022 |
% change |
|
|
Total assets (£'000)A |
492,818 |
507,344 |
(2.9) |
|
Equity shareholders' funds (£'000) |
450,013 |
464,579 |
(3.1) |
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Market capitalisation (£'000) |
437,381 |
459,310 |
(4.8) |
|
Net asset value per Ordinary share |
303.52p |
313.56p |
(3.2) |
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Net asset value per Ordinary share with debt at fair valueB |
301.68p |
309.03p |
(2.4) |
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Share price per Ordinary share (mid) |
295.00p |
310.00p |
(4.8) |
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(Discount)/premium to net asset value with debt at fair valueB |
(2.2%) |
0.3% |
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Revenue return per Ordinary shareC |
8.54p |
7.35p |
+16.2 |
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Gearing – netB |
7.8% |
8.4% |
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Ongoing chargesB |
0.63% |
0.59% |
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A Defined as total assets per the Statement of Financial Position less current liabilities (before deduction of bank loans and Loan Notes). |
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B Considered to be an Alternative Performance Measure as defined below. |
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C Figure for 31 July 2022 is for six months to that date. Figure for 31 January 2022 is for the six months to 31 July 2021. |
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