The Edinburgh Investment Trust Plc Annual Financial Report 2022 - Flipbook - Page 87
THE EDINBURGH INVESTMENT TRUST PLC / OTHER INFORMATION FOR SHAREHOLDERS / 85
RETURN
The return generated in a period from the investments.
CAPITAL RETURN
Reflects the return on NAV, excluding any dividends reinvested.
TOTAL RETURN
Total return is the theoretical return to shareholders that measures the combined effect of any dividends paid together with the rise or
fall in the share price or NAV. In this annual financial report these return figures have been sourced from Refinitiv who calculate returns
on an industry comparative basis.
Net Asset Value Total Return (APM)
Total return on net asset value per share, with debt at market value, assuming dividends paid by the Company were reinvested into the
shares of the Company at the NAV per share at the time the shares were quoted ex-dividend.
Share Price Total Return (APM)
Total return to shareholders, on a mid-market price basis, assuming all dividends received were re-invested, without transaction costs,
into the shares of the Company at the time the shares were quoted ex-dividend.
2022
Page
Net Asset
Value
Share
Price
As at 31 March 2022
2
686.69p
634.00p
As at 31 March 2021
2
628.29p
600.00p
Change in year
a
9.3%
5.7%
Impact of dividend reinvestments(1)
b
4.8%
4.9%
c = a+b
14.1%
10.6%
Net Asset
Value
Share
Price
Total return for the year
2021
Page
As at 31 March 2021
2
628.29p
600.00p
As at 31 March 2020
3
490.40p
434.00p
28.1%
38.2%
Change in year
Impact of dividend reinvestments
Total return for the year
a
(1)
b
6.7%
8.2%
c = a+b
34.8%
46.4%
Total dividends paid during the year of 28.65p (2021: 27.85p) reinvested at the NAV or share price on the ex-dividend date. NAV
or share price falls subsequent to the reinvestment date consequently further reduce the returns, vice versa if the NAV or share
price rises.
(1)
Benchmark
Total return on the benchmark is on a mid-market value basis, assuming all dividends received were reinvested, without transaction costs,
into the shares of the underlying companies at the time the shares were quoted ex-dividend.
COMPANY NAME
The Edinburgh Investment Trust plc is registered at Companies House as The Edinburgh Investment Trust Public Limited Company.