Brief: Scottish Mortgage recommends interim dividend of 1.60 p/share

Scottish Mortgage Investment Trust

06/11/2023 07:04

Nov 6 (Reuters) - Scottish Mortgage Investment Trust PLC
 SMT.L :
    * SAYS RECOMMENDING AN INTERIM DIVIDEND OF 1.60P PER SHARE,
NO
INCREASE OVER LAST YEAR'S PAYMENT.
    * SAYS OPERATIONAL PERFORMANCE OF OUR MAJOR PRIVATE
BUSINESSES HAS
BEEN STRONG DESPITE DIFFICULT PREVAILING CONDITIONS
    * SAYS MARKET SCEPTICISM AROUND PERFORMANCE AND VALUATION OF
OUR
PRIVATE ASSETS IS MISPLACED
    * SAYS DEPLOYED APPROXIMATELY £74M INTO 6 PRIVATE COMPANIES
IN
HALF YEAR
    * SAYS MAJORITY OF OUR BORROWINGS DO NOT COME DUE UNTIL
AFTER 2036
AND OUR INTEREST COST IS BELOW 3%

Source text for Eikon:  ID: 
Further company coverage:  SMT.L 

 (Reporting By Simon Jessop)
 ((simon.jessop@thomsonreuters.com;))