RIT Capital Partners plc today publishes an update of its net asset value, together with results for the nine months ending 31 December 2012.
Net Asset Value Update
Net asset value per share (NAV) at 22 February 2013 of 1,309 pence, representing an all-time high for the Company
NAV up 9.9% since 31 December 2012
Net assets now over £2 billion for the first time in the Company's history
Investment Highlights for the nine months ending 31 December 2012
Increased net quoted equity exposure to 61% and overall investment exposure to 101%
Consolidated portfolio, increasing focus on specific situations
NAV per share at 31 December 2012 of 1,191 pence
A shareholder who invested in RIT at inception will have seen their share price increase by 11.4% per annum
Dividend
Total dividend paid in August 2012 of 28 pence per share (August 2011: 4.0p)
Board intends to pay dividends of 14 pence per share in April 2013 and 14 pence per share in October 2013
Commenting, Lord Rothschild, Chairman of RIT Capital Partners plc, said;
"For the first time in RIT's history net assets now exceed £2 billion, while the NAV on 22 February of 1,309p represents a new all-time high. These results have been achieved through the most perilous financial era of a lifetime.
We have not abandoned the overall caution which the world economy still demands but our focus has shifted more towards growth. To reflect our increasing confidence in markets we have reduced our defensive hedges and identified investments which are attractively valued. Our particular emphasis in the current year has been targeted at an improving US economy."
