(the Company ) Legal Entity Identifier : 549300OHW8R1C2WBYK02 Results The year to 30th September 2020 was a volatile one for global equity markets and a negative one for investors in India, as indicated by our benchmark index, the MSCI India Index (in sterling terms), which returned -4.2%. Unfortunately, the Company performed poorly, both in absolute and relative terms, with a total return on net assets of -16.2% over the year. The share price fell sharply, from 744.0p to 571.5p, and the discount widened out from 9.3% at the beginning of the year to 16.8% at the year end, resulting in a total return to shareholders of -23.2%.
Annual Results Announcement for the year ended 30 September, 2020 This announcement contains regulated information. Ecofin Global Utilities and Infrastructure Trust plc (the Company ) is an authorised UK investment trust whose objectives are to achieve a high, secure dividend yield on a portfolio invested primarily in the equities of utility and infrastructure companies in developed countries and long-term growth in the capital value of the portfolio while preserving shareholders capital in adverse market conditions. The information contained in this Annual Financial Report Announcement has been prepared in accordance with International Financial Reporting Standards ( IFRS ) as adopted by the European Union ( EU ) and as applied in accordance with the provisions of the Companies Act 2006 (the Act ). These comprise standards and interpretations of the International Accounting Standards ( IAS ) and Standing Interpretations Committee as approved by the Inte
1 - The earnings per share of £3.44 relates to the six month period from 1 April 2020 to 30 September 2020 whereas loss per share of (£0.60) relates to the financial year from 1 April 2019 to 31 March 2020. I am pleased to report another excellent set of results for the period ended 30 September 2020. As was prefaced in the Chairman s statement accompanying the Annual Report, we had seen a substantial recovery from the lows of March, I am therefore pleased to report that the Net Asset Value per share rose by 39.20%. As you will see from the Manager s report set out below, there were notable successes during the period and encouragingly only two companies required support as a consequence of the effects of the Covid-19 crisis. This, once again, reflects the skills of the team at Harwood Capital led by Christopher Mills to invest in companies where they see opportunities for value creation through active manageme