RCS - Rights and Issues IT - Update note from QuotedData

Rights and Issues Investment TrustAnnouncement

06/02/2025 15:45

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RNS Number : 2378W  Rights and Issues Inv. Trust PLC  06 February 2025

Rights and Issues Investment Trust - Update from QuotedData

6(th) February 2025

Normal programming to resume

The first nine months of 2024 provided signs of a return to normality in the
UK. With inflation (https://quoteddata.com/glossary/inflation/)  falling
steeply, the Bank of England was able to begin its interest rate-cutting
cycle, while a steady pickup in growth provided a sense of optimism that had
long been absent from the market. The Rights and Issues Investment Trust
(RIII) responded in kind, delivering a shareholder total return of 17% to 30
September 2024. Unfortunately, this momentum slowed over the latter part of
the year as investors fled UK small caps, particularly AIM (Alternative
Investment Market) stocks, in advance of the budget, and yields
(https://quoteddata.com/glossary/yield/)  climbed on both UK
government bonds (gilts) and US treasuries, back towards cycle highs.

Although frustrating for investors, we believe the conditions that drove the
first half recovery remain in place, and the recent weakness should not
detract from the generally positive outlook for the UK, and RIII in
particular. Market activity has finally begun to pick up as investors
capitalise on historically cheap valuations and we believe that for active,
high-conviction managers like RIII's, the opportunity to outperform
(https://quoteddata.com/glossary/underperform-or-outperform/)  in the coming
years has arguably never been better.

Full Research:

https://quoteddata.com/research/rights-and-issues-investment-trust-normal-programming-to-resume-qd/
(https://quoteddata.com/research/rights-and-issues-investment-trust-normal-programming-to-resume-qd/)

This research is also available free on our website www.quoteddata.com
(http://www.quoteddata.com) where you will also find news, performance data
and factsheets on every London listed Investment Company. QuotedData writes
and distributes research on a number of quoted companies, facilitates meetings
between those companies and existing and potential investors and assists in
raising additional capital where required.

NB: Marten & Co was paid to produce this note Rights and Issues Investment
Trust Plc, and it is for information purposes only. It is not intended to
encourage the reader to deal in the security or securities mentioned in this
report. Please read the important information at the back of this note.
QuotedData is a trading name of Marten & Co Limited which is authorised
and regulated by the Financial Conduct Authority. Marten & Co is not
permitted to provide investment advice to individual investors categorised as
Retail Clients under the rules of the Financial Conduct Authority.

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