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Final Results Announced

European Trust

European Trust - Investment Trust Range

The Company has announced Final Results for the year ended 31 December 2020.

Highlights:

The Board of Fidelity European Trust PLC recommends a final dividend of 3.90 pence per share which together with the interim dividend payment of 2.60 pence per share (totalling 6.50 pence) represents a modest increase over the dividend paid in the prior year

  • The net asset value of the Company increased by +9.7% for the year ended 31 December 2020, outperforming the Benchmark Index, the FTSE World Europe (ex UK), which returned +8.6%.
  • The discount narrowed markedly during the year from 6.2% to 3.6% over the period, as result of the share price total return of +13.1%.
  • The Board has agreed a revised fee with effect from 1 April 2021. The current tiered rate of 0.75 per cent on net assets in excess of £400 million will reduce to 0.65 per cent, thus achieving useful savings on overall percent-age costs for shareholders.
  • With effect from 1 September 2020, the Board agreed with Fidelity to appoint Marcel Stotzel as a Co-Portfolio Manager alongside Sam Morse, the Company’s Portfolio Manager.

Please access the full results

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