Invesco Perpetual UK Smaller Companies Investment Trust plc Annual Financial Report Announcement for the Year Ended 31 January 2024
Invesco Perpetual UK Smaller Companies Investment Trust plc Annual Financial Report Announcement for the Year Ended 31 January 2024
All page numbers below refer to the Annual Financial Report which will be made available on the Company's website.
Investment Objective
The Company is an investment trust whose investment objective is to achieve long-term total returns for shareholders primarily by investment in a broad cross-section of small to medium sized UK quoted companies.
Financial Highlights
Total Return Statistics (with dividends reinvested)Change for the year (%)20242023Net Asset Value(1)(2)–4.1–17.5Share Price(1)(2)–1.8–17.0Benchmark Index(2)(3)–3.3–12.4Capital StatisticsAt 31 January20242023ChangeTotal shareholders’ funds (£’000)161,395 174,915 –7.7%Net asset value (NAV) per share477.12p 517.09p –7.7%Share price(1)(2)424.00p 451.00p –6.0%Discount(1)(11.1)%(12.8)%Gearing(1): – gross gearing5.4%nil – net gearing5.4%nil – net cashnil2.9%Maximum authorised gearing9.3%8.6%For the year ended 31 January20242023Return(1) and dividend per ordinary share:Revenue return13.18p 11.99p Capital return(34.91)p(124.70)pTotal return(21.73)p(112.71)pFirst interim dividend3.85p 3.75p Second interim dividend3.85p 3.75p Third interim dividend3.85p 3.75p Final dividend5.41p6.79p Total dividends16.96p 18.04p –6.0%Dividend Yield(1)4.0%4.0%Dividend payable for the year (£’000): – from current year net revenue4,459 4,055 – from capital reserve (2023: from capital reserve)1,2782,047 5,7376,102 Capital dividend as a % of year end net assets(1)0.8%1.2%Ongoing charges(1)1.01%0.95%Notes: (1) Alternative Performance Measure (APM). See Glossary of Terms and Alternative Performance Measures on pages 66 to 68 of the financial report for details of the explanation and reconciliations of AMs. (2) Source: LSEG Data & Analytics. (3) The Benchmark Index of the Company is the Deutsche Numis Smaller Companies + AIM (excluding Investment Companies) Index with dividends reinvested.