City of London Investment Trust

The City of London Investment Trust plc Period End 30 June 2010

Submitted by YWang on Fri, 2010-10-08 14:11
The City of London Investment Trust plc Annual Report 2010
Call options written to “generate return”
UK investment trust The City of London Investment Trust writes call options against its low or zero dividend yielding investments and states that this is to generate additional return, although there is no explicit disclosure of the potential downside.

The City of London Investment Trust plc Period End 30 June 2009

Submitted by Company Reporting on Wed, 2009-12-02 11:30
The City Of London Investment Trust plc Annual Report 2009

Preference stock carried as a liability treated as share capital following cancellation
UK investment trust The City of London Investment Trust increases the opening balance of its capital redemption reserve to reflect prior year cancellation of preference stock which had been classified as a liability.
 

The City of London Investment Trust plc Period End 30 June 2008

Submitted by Company Reporting on Tue, 2008-09-23 23:00
City of London Investment Trust Annual Report 2008

£1.6 million VAT on investment management fees recovered

UK investment trust The City of London Investment Trust recognises a £1.6 million VAT write-back gain, as repayment is assessed to be virtually certain.

The City of London Investment Trust plc Period End 30 June 2007

Submitted by Company Reporting on Mon, 2007-10-08 23:00
City of London Investment TrustAnnual Report 2007

Conflict with the AIC Code on Corporate Governance 
UK investment trust City of London Investment Trust falls short on corporate governance as it does not identify a senior independent non-executive director.