Today I attended the 129th Annual General Meeting of this company in their city of London offices with 30 or so mostly retired gentleman shareholders in attendance. The Chairman, Jamie Cayzer-Colvin was unfortunately unable to attend due to illness, and so the Senior Independent Director Mary Ann Sieghart took over Chair duties for the meeting.
Some financial highlights from the results are as follows: NAV and share price up 20%, dividend up 3p to 18p giving a yield of 2.3% and the discount to NAV has remained steady at about 15% (which is the long-term discount average).
Mary started by introducing the rest of the board along with the fund manager, with Mary then giving the financial highlights as per the annual report….
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