The Company has announced Final Results for the year ended 31 March 2021.
- The Board of Fidelity China Special Situations PLC (the “Company”) recommends an annual dividend of 4.68 pence per share, an increase of 10.1% from last year.
- The Company recorded its highest annual net asset value (“NAV”) total return of +81.9% and share price total return of +97.2%, significantly outperforming the MSCI China Index return of +29.1%.
- The unlisted space in China has expanded quite markedly and offers some excellent opportunities for patient, long-term investors. At the reporting year end, the Company had 7.4% of Net Assets plus Bor-rowings in nine unlisted holdings.
- Subject to shareholder approval, the Board proposes increasing the Company’s permitted limit in unlisted holdings from 10% to 15% of Net Assets plus Borrowings.