Sep 11th 2013 - Edison Investment Research today published a report on City Natural Resources High Yield Trust (CYN.L, LSE:CYN, LON:CYN) entitled "Favouring Producing Assets". In summary, the report says:
City Natural Resources High Yield Trust (CYN) is focused exclusively on natural resources. The mining and natural resources sector has taken a pounding over the last two years, but valuations are now at the low end of their range and many companies are responding to investor pressure and prices by cutting capex. While still geared to the upside once prices improve, the managers have shifted CYN’s portfolio towards the dividend paying producers where they expect better returns in the medium term.
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