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Interim Results

Witan gains 10.8% in first half

10 August 2017 08:58

Witan Investment Trust's (WTAN) net asset value total return was 10.8% in the first half, compared with its benchmark return of 7.4%.

This represents outperformance of 3.4%.

The share price total return was 12.2%, as the discount narrowed from 4.0% at the end of 2016 to 2.7% at the end of June.

A second interim quarterly dividend of 4.75 pence per ordinary share will be paid in September.

Total dividends paid in respect of the period are 9.5p per share, compared with 8.5p the year before.

Eight of the 10 external managers in place at the end of 2016 outperformed, as did the portfolio of direct holdings.

At 8:58am: (LON:WTAN) Witan Investment Trust Plc share price was +0.5p at 1035.5p

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