Jupiter Dividend & Growth Trust's total assets less current liabilities fell by 5.7% to £50,884,000 during the six months to 30 June 2016.
By comparison, the company's benchmark index, the FTSE All-Share Index, rose by 2.1% (in capital terms) during the same period. The company says: "The period up to the end of June incorporated the unexpected outcome of the UK's referendum on EU membership and the concomitant sharp sell-off in equities.
"In particular, the shares of domestically-exposed companies such as housebuilders, retailers and banks fell sharply on fears of an immediate UK recession and a squeeze on profit margins with higher input costs from the sharp decline in the value of the pound."
The net asset value of the common shares decreased by 5.3% during the period under review from 134.45p to 127.32p (including income and expenses). The NAV of the Zero Dividend Preference shares decreased by 5.5%during the period under review from 131.73p to 124.44p*, while the discount on the ZDPs moved from 12.9 per cent. to 7.0 per cent. over the period.
At 3:17pm: (LON:JDT) Jupiter Dividend Growth Trust Plc share price was 0p at 3.13p