Scottish American sees NAV fall on Eurozone worries

published 14 February 2012

The Scottish American Investment Company, an investment trust often referred to as SAINTS, saw its net asset value "total return", including income and capital, fall 11.8% in 2011.

During the same period the benchmark against which SAINTS is measured fell just 5.2%

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The company has announced a final dividend of 2.4p per share bringing the full-year figure to 9.45p, or a rise of 2.2% over 2010, which, as the firm admits, is below the prevailing inflation rate.

SAINTS's Chairman, Sir Brian Ivory, conceded that 2011 had been a "difficult year" for the company, noting the effect of the Eurozone crisis on equity returns.

Shares in SAINTS had gained 0.28% by 10:00.

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