CTY

The City of London Investment Trust plc

Overview

The City of London Investment Trust harnesses the power of leading businesses listed on the London Stock Exchange (LSE). The long-running trust has weathered multiple market cycles since it became an investment trust in 1932, with a 58-year record of dividend growth, making it the investment trust with the longest record of annual increases.

Investment Objective: The Company’s objective is to provide long-term growth in income and capital, principally by investment in equities listed on the London Stock Exchange. The Board fully recognises the importance of dividend income to shareholders.

Objective Income & Growth

Total Assets £2.19B

As of 31/10/2024

Share price 423.00p

As of 20/11/2024

Estimated NAV 427.82p

As of 20/11/2024

Discount / Premium -1.13%

As of 20/11/2024

Yield 4.90%

As of 20/11/2024

58 years of dividend growth

See how the trust has achieved 58 years of growing dividends* through stock selection and prudent use of the investment trust structure.

Consistent to the core

Learn about our disciplined and conservative investment style, designed to select long term holdings.

Good value, lower fees

Benefit from the scale of The City of London, that allows us to have competitive fees.

Marketing Communication. Past performance does not predict future returns. The value of an investment and the income from it may go down as well as up and you may lose the amount originally invested. Past performance can be viewed here.

Awards and ratings

AIC Dividend Hero

The City of London Investment Trust plc has been awarded the AIC Dividend Hero award for 58 years of dividend growth.

View methodology. Source: AIC, Morningstar calculations, 18/01/2023.
Past performance does not predict future returns.

FundCalibre Elite Rating

The City of London Investment Trust plc has been awarded the FundCalibre Elite Rating for 2024.

View methodology. Source: FundCalibre calculations, 01/01/2023.
Past performance does not predict future returns.

AJ Bell Income Company of the Year

The City of London Investment Trust plc has won the ‘Income Company’ catergory for 2024 in AJ Bell’s Investment Awards.

View methodology. Source: AJ Bell voting, 11/09/2024.
Past performance does not predict future returns.

Award winning dividend growth

For 58 years, the trust has achieved continuous dividend growth, the longest record of annual increases for any investment trust* . The trust focuses on cash-generative businesses, able to grow their dividends.

The gateway to the world

The trust invests in larger companies listed on the LSE, however over 60% of investee company revenue comes from overseas.

See the full breakdown of The City of London Investment Trust portfolio

Read the latest research

Kepler Trust Intelligence has created detailed research around the trust, including examining its portfolio and process.

Read the full analysis to find out more

Latest Annual Report

Latest Factsheet

The value of the trusts and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
Past performance does not predict future returns.
Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.

If a Company's portfolio is concentrated towards a particular country or geographical region, the investment carries greater risk than a portfolio that is diversified across more countries.
Where the Company invests in assets that are denominated in currencies other than the base currency, the currency exchange rate movements may cause the value of investments to fall as well as rise.
This Company is suitable to be used as one component of several within a diversified investment portfolio. Investors should consider carefully the proportion of their portfolio invested in this Company.
Active management techniques that have worked well in normal market conditions could prove ineffective or negative for performance at other times.
The Company could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the Company.
Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
The return on your investment is directly related to the prevailing market price of the Company's shares, which will trade at a varying discount (or premium) relative to the value of the underlying assets of the Company. As a result, losses (or gains) may be higher or lower than those of the Company's assets.
The Company may use gearing (borrowing to invest) as part of its investment strategy. If the Company utilises its ability to gear, the profits and losses incurred by the Company can be greater than those of a Company that does not use gearing.
All or part of the Company's management fee is taken from its capital. While this allows more income to be paid, it may also restrict capital growth or even result in capital erosion over time.

The Company confirms that it currently conducts its affairs so that its ordinary shares of 25p each can be recommended by IFAs to ordinary retail investors in accordance with the Financial Conduct Authority’s (FCA) rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future.
The shares are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are shares in an investment trust.
For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report. Please refer to the AIFMD Disclosure document and Annual Report of the AIF before making any final investment decisions.
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Overview

Statistics

58 years of dividend growth

Consistent to the core

Good value, lower fees

Awards and ratings

AIC Dividend Hero

FundCalibre Elite Rating

AJ Bell Income Company of the Year

Award winning dividend growth

The gateway to the world

Read the latest research

Latest Annual Report

Latest Factsheet

Insights

Job Curtis appears on QuotedData’s Weekly News Show

The City of London Investment Trust: Investor Update

How UK stocks offer depth and diversity: The City of London Investment Trust