Murray International Trust PLC - Edinburgh-based trust focused on equities - Reports slightly higher net asset value but cautions on an unpredictable path paved by inflation and rising interest rates.

Net asset value per share grows 1.3% to 1,257.0 pence at June 30 from 1,240.3 at December 31. Total assets excluding current liabilities are up 0.8% at £1.78 billion from £1.76 billion over the six month period.

‘The board currently intends to pay a dividend for 2022 of no less than the 55.0p per share dividend paid for 2021,’ the trust says. It will consider using revenue reserves to do so. Two interim dividends of 12.0p were declared for the period to June 30, unchanged from a year before.

Referring to high inflation, the possibility of de-globalisation and rising interest rates, Chair David Hardie says: ‘Negotiating the unchartered and unpredictable path through such a turbulent financial landscape is unlikely to be smooth. However, the strategy of owning quality businesses, real assets and a diversified portfolio has served shareholders well in the past and remains the preferred option for

the present.’

Current stock price: 1,249.92 pence

12-month change: up 11%

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