HgCapital slashes divi after treading water in 2011

HgCapital Trust, the listed arm of private equity firm HgCapital, said 2011 was all about protecting shareholder value in a tough year for equity markets.

HgCapital Trust, the listed arm of private equity firm HgCapital, said 2011 was all about protecting shareholder value in a tough year for equity markets.

The firm's diluted net asset value (NAV) per share eased 2.0% to 1,069.3p at the end of 2011 from 1,090.7p a year earlier, but with dividend payments added to the equation, the total return was positive, at 0.5%.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.