BlackRock Throgmorton Trust reported that its net asset value per share at 30 November 2017 was 542.7p, up 33.9% from 412.34p a year ago while revenue return per share rose 29.1% to 10.11p from 7.83p.
This return significantly outperformed the benchmark return of 21.3% and the FTSE 100 return of 12.3% over the same period.
The upbeat performance resulted in a proposed final dividend of 7.00 pence per share for the year ended 30 November 2017.
This, together with the interim dividend of 2.00 pence per share paid on 23 August 2017, gives a total dividend for the year of 9.00 pence per share, an increase of 20.0% on the total dividend distributed to shareholders in the prior financial year.
The company said that during the five year period to 30 November 2017, NAV and share price returns have been 145.3% and 158.2% respectively, placing the company second out of eleven in the UK smaller companies investment trust peer group.
BlackRock Throgmorton said it expects that ongoing brexit negotiations and a potential UK market correction increases economic uncertainty but added that it remains optimistic in the outlook for the company, believing that stock selection will once again be key in the coming year.
At 9:41am: (LON:THRG) BlackRockThrogmorton Trust plc share price was +5.5p at 466p