Title: 242383863.pdf URL Source: https://documentscdn.financialexpress.net/Literature/E3C7622DC9AAD84643F8311BFE900AC0/242383863.pdf Number of Pages: 5 Markdown Content: # Company overview Objective The Company’s objective is to provide long -term growth in income and capital, principally by investment in equities listed on the London Stock Exchange. The Board fully recognises the importance of dividend income to shareholders. Highlights Renowned for its record -setting annual dividend increases since 1966, the Company targets long - term income and capital growth. # Company information NAV (cum income) 548.1p NAV (ex income) 546.2p Share price 550.0p Discount( -)/premium(+) 0.4% Yield 4.0% Net gearing 6% Net cash - Total assets Net assets £2,935m £2,795m Market capitalisation £2,805m Shares in issue excluding shares in Treasury 509,997,106 Total number of holdings 78 Ongoing charges (year end 30 Jun 2025) 0.36% Benchmark FTSE All -Share Index Overall Morningstar Rating TM  As of 30/04/2026 Morningstar Medalist Rating TM Effective 27/04/2026 Analyst -Driven %: 100.00 Data Coverage %: 100.00 > Source: BNP Paribas for holdings information and Morningstar for > all other data. Differences in calculation may occur due to the > methodology used. > Please note that the total voting rights in the Company do not > include shares held in Treasury. # TH E CITY OF LONDON INVESTMENT TRUST PLC (CTY) ISIN: GB0001990497 Factsheet - at 30 April 2026 Marketing Communication # Share price performance # (total return) 50 100 150 200 Apr 21 Apr 22 Apr 23 Apr 24 Apr 25 Apr 26 Price (rebased) Benchmark NAV (cum income) Performance over (%) 1m 3m 6m 1y 3y 5y 10y Share price (Total return) 3.3 1.2 10.0 23.2 49.6 80.6 132.4 NAV (Total return) 2.6 2.6 10.6 24.6 52.1 84.6 138.4 Benchmark (Total return) 2.8 2.1 8.0 25.2 44.7 66.9 133.5 Relative NAV (Total return) -0.2 0.5 2.6 -0.6 7.4 17. 7 4.9 Discrete year performance (%) Share price (total return) NAV (total return) 31/3/2025 to 31/3/2026 24.2 23.4 31/3/2024 to 31/3/2025 17.2 14.8 31/3/2023 to 31/3/2024 2.9 8.6 31/3/2022 to 31/3/2023 4.5 4.1 31/3/2021 to 31/3/2022 15.0 16.4 n/a n/a n/a > Source: at 30/04/26. © 2026 Morningstar, Inc. All rights reserved. The information contained herein: (1) is > proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not > warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are > responsible for any damages or losses arising from any use of this information. Past performan ce does > not predict future returns. > All performance, cumulative growth and annual growth data is sourced from Morningstar. Find out more Go to www.cityinvestmenttrust.com How to invest Go to www.janushenderson.com/howtoinvest Please remember that past performance does not predict future returns. The value of an investment and the income from it can rise as well as fall as a result of market and currency fluctuations, and you may not get back the amount originally invested. Please refer to the glossary for t he definition of share price total return. > Please note that this chart could include dividends that have been declared but not yet paid. 0.0 5.0 # Dividend history (pence/share) 25.0 20.0 15.0 10.0 05 07 09 11 13 15 17 19 21 23 25 Income Key information Stock code CTY AIC sector AIC UK Equity Income Benchmark FTSE All -Share Index Company type Conventional (Ords) Launch date 1891 Financial year 30 -Jun Dividend payment November, February, May, August Management fee 0.3% of net assets up to £3bn; 0.275% on net assets over £3bn Performance fee No (See Annual Report & Key Information Document for more information) Regional focus UK Fund manager appointment Job Curtis 1991 David Smith 2021 Job Curtis, ASIP Fund Manager David Smith, CFA Deputy Fund Manager For the award/achievement source, refer to page 5 Customer services 0800 832 832 How to invest Go to www.janushenderson.com/howtoinvest # THE CITY OF LONDON INVESTMENT TRUST PLC (CTY) ISIN: GB0001990497 Factsheet - at 30 April 2026 Marketing Communication # Top 10 holdings (%) HSBC 6.2 Shell 4.9 British American Tobacco 3.9 BAE Systems 3.8 NatWest Group 3.5 Tesco 3.3 Lloyds Banking Group 3.2 AstraZeneca 3.1 Unilever 3.1 BP 3.0 References made to individual securities do not constitute a recommendation to buy, sell or hold any security, investment strategy or market sector, and should not be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or its employees, may have a position in the securities mentioned. # Sector breakdown (%) ##  Financials 33.9% ##  Consumer Staples 17.8% ##  Energy 9.1% ##  Health Care 7.9% ##  Industrials 7.4% ##  Utilities 5.3% ##  Real Estate 5.2% ##  Basic Materials 4.9% ##  Technology 3.0% ##  Consumer Discretionary 2.9% ##  Telecomms 2.7% The above sector breakdown may not add up to 100% due to rounding. # 10 year total return of £1,000 All performance, cumulative growth and annual growth data is sourced from Morningstar. Share price total return is calculated using mid -market share price with dividends reinvested. 0 500 1,000 1,500 2,000 2,500 3,000 Apr 16 Apr 18 Apr 20 Apr 22 Apr 24 Apr 26 Share price total return Benchmark # Geographical focus (%) #  United Kingdom 92.7% #  United States 2.0% #  Germany 1.6% #  Switzerland 1.5% #  France 1.2% #  Hong Kong 0.9% The above geographical breakdown may not add up to 100% due to rounding. # Premium/(discount) of share price # to NAV at fair value (%) -4 -3 -2 -1 0 1 2 3 4 Apr 23 Apr 24 Apr 25 Apr 26 Please remember that past performance does not predict future returns. The value of an investment and the income from it can rise as well as fall as a result of market and currency fluctuations, and you may not get back the amount originally invested. Please refer to the glossary f or the definition of share price total return. THE CITY OF LONDON INVESTMENT TRUST PLC (CTY) ISIN: GB0001990497 Factsheet - at 30 April 2026 Marketing Communication # Fund Manager commentary Investment environment Global equities rose in April, recovering from March's slump, as investors hoped that a fragile ceasefire in the Middle East would lead to an end to the conflict. Most of the gains occurred in the first half of the month. Stock markets were more muted in the second half of April, as the conflict remained unresolved and shipping traffic through the Strait of Hormuz, through which a fifth of the world's oil and natural gas supplies pass, continued to be severely restricted. In the UK, the FTSE All-Share Index rose 2.8%. Annual inflation rose to 3.3% in March from 3.0% in February. The Bank of England (BoE) left interest rates on hold at 3.75%. Sterling strengthened against the US dollar, largely due to US dollar weakness. Portfolio review The biggest contributor to relative performance was not holding Experian, the credit and marketing services company. The next biggest contributors were not holding London Stock Exchange and not holding Compass, the contract caterer. The biggest detractor was the underweight position in AstraZeneca, the pharmaceutical company. The next biggest detractor was the underweight position in HSBC, the bank, followed by RELX, which provides information and analytics. We added to the holding in oil company BP, which typically benefits from higher oil prices and is less affected by the closure of the Strait of Hormuz than most other major oil companies. We also added to the position in ITV, the UK television network company, which is also a leading maker of television programmes across 13 countries. There were no large disposals during the month. Manager outlook The effective closure of the Strait of Hormuz has caused a significant reduction in the global supply of oil and liquefied natural gas (LNG), resulting in large price rises. This seems likely to contribute to both higher inflation and weaker economic growth. In our view, equity markets may react positively to signs of any easing of tensions in the Middle East. Some 60% of the revenues earned by the companies that we are invested in are from outside the UK, which provides useful diversification, even though the companies are predominantly listed on the London Stock Exchange. We think the valuation of UK equities appears compelling compared with equivalents overseas, possibly due to the low allocation from domestic institutional investors. In particular, we find the dividend yield of UK equities attractive relative to the main alternatives. > References made to individual securities do not constitute a recommendation to buy, sell or hold any security, investment strategy or market sector, and should not be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or its employees, may have a position in the securities mentioned. # THE CITY OF LONDON INVESTMENT TRUST PLC (CTY) ISIN: GB0001990497 Factsheet - at 30 April 2026 Marketing Communication # Glossary Discount/Premium The amount by which the price per share of an investment company is either lower (at a discount) or higher (at a premium) than the net asset value per share (cum income), expressed as a percentage of the net asset value per share. Gearing The effect of borrowing money for investment purposes (financial gearing). The amount a company can “gear” is the amount it can borrow in order to invest. Gearing is used in the expectation that the returns on the investments bought will exceed the costs of the borrowings that funded the purchase. This Company can also use synthetic gearing through derivatives and foreign exchange hedging and/or other non -fully funded instruments or techniques. Leverage The Company ’s leverage is the sum of financial gearing and synthetic gearing. Details of the Company’s leverage limits can be found in both the Key Information Document and Annual Report. Where a company utilises leverage, the profits and losses incurred by the compa ny can be greater than those of a company that does not use leverage. Market capitalisation Share price multiplied by the number of shares in issue, excluding treasury shares, at month end. Shares typically priced mid -market at month -end closing. Net Asset Value (NAV) The total value of a Company's assets less its liabilities. NAV (Cum Income) The value of investments and cash, including current year revenue, less liabilities (prior charges such as loans, debenture stock and preference shares at fair value). NAV (Ex Income) The value of investments and cash, excluding current year revenue, less liabilities (prior charges such as loans, debenture stock and preference shares at fair value). NAV total return The theoretical total return on shareholders' funds per share reflecting the change in Net Asset Value (NAV) assuming that dividends paid to shareholders were reinvested at NAV at the time the shares were quoted ex -dividend. A way of measuring investment management performance of investment trusts wh ich is not affected by movements in discounts/premiums. Net assets Total assets minus any liabilities such as bank loans or creditors. Net cash A company’s net exposure to cash/cash equivalents expressed as a percentage of shareholders’ funds, after any offset against its gearing. This is only shown for companies that have gearing in place. Net gearing A company’s total assets (less cash/cash equivalents) divided by shareholders’ funds expressed as a percentage. Ongoing charges The total expenses fo r the financial year (excluding performance fee), divided by the average daily net assets, multiplied by 100. Share price Closing mid -market share price at month end. Share price total return The theoretical total return to the investor assuming that all dividends received were reinvested in the shares of the company at the time the shares were quoted ex -dividend. Transaction costs are not taken into account. Total assets Cum Income NAV multiplied by the number of shares, plus prior charges at fair value . Yield Calculated by dividing the current financial year's dividends per share (this will include prospective dividends) by the current price per share, then multiplying by 100 to arrive at a percentage figure. For a full list of terms please visit: https://www.janushenderson.com/en - gb/investor/glossary/ THE CITY OF LONDON INVESTMENT TRUST PLC (CTY) ISIN: GB0001990497 Factsheet - at 30 April 2026 Marketing Communication Source for fund ratings/awards Overall Morningstar Rating™ is a measure of a fund's risk -adjusted return, relative to similar funds. Fund share classes are rated from 1 to 5 stars, with the best performers receiving 5 stars and the worst perfo rmers receiving a single star. Overall Morningstar Rating™ is shown for an investment company achieving a rating of 4 or 5. Morn ingstar Medalist Rating™ Ratings should not be taken as a recommendation. For more detailed information about Morningstar Ratings, including its metho dology, please go to https://shareholders.morningstar.com/investor -relations/governance/Compliance --Disclosure/default.aspx . The City of London Investment Trust plc has been awarded the AIC Dividend Hero award for 58 years of dividend growth. For more information including its me thodology, visit https://www.theaic.co.uk/income -finder/dividend -heroes. Source: AIC, Morningstar calculations, 12/03/2025. The Cit y of London Investment Trust plc has won the ‘Income Company’ catergory for 2024 in AJ Bell’s Investment Awards. For more inf ormation including its methodology, visit https://investmentawards.ajbell.co.uk/. Source: AJ Bell voting, 11/09/2024. The City of L ondon Investment Trust plc has been awarded the FundCalibre Elite Rating for 2024. For more information including its methodo logy, visit https://www.fundcalibre.com/about -us/what -is -the -elite -rating. Source: FundCalibre calculations, 01/01/2023. Company specific risks - Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your i nvestment may fall as a result. - Active management techniques that have worked well in normal market conditions could prove ineffective or negative for performance at other times. - The Company maintains a portfolio with a bias towards income -generating companies. This may result in the Company significantly underperforming or outperforming the wider mar ket. - A persistent reduction in dividend income from investee companies could adversely affect the Company’s ability to maintain it s record of paying a growing dividend each year. - This Company is suitable to be used as one component of several within a diversified investment portfolio. Investors should consider carefully the proportion of their portfolio invested in this Co mpany. - The Company could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations t o the Company. - The return on your investment is directly related to the prevailing market price of the Company's shares, which will trade at a varying discount (or premium) relative to the value of the underlying assets of the Company. As a result, loss es (or gains) may be higher or lower than those of the Company's assets. - If a Company's portfolio is concentrated towards a particular country or geographical region, the investment carries greater risk than a portfolio that is diversified across more countries. - Where the Company invests in assets that are denominated in currencies other than the base currency, the currency exchange ra te movements may cause the value of investments to fall as well as rise. - The Company may use gearing (borrowing to invest) as part of its investment strategy. If the Company utilises its ability to gear, the profits and losses incurred by t he Company can be greater than those of a Company that does not use gearing. - All or part of the Company's management fee is tak en from its capital. While this allows more income to be paid, it may also restrict capital growth or even result in capital erosion over time. Not for onward distribution. Before investing in an investment trust referred to in this document, you should satisfy yourself as to its suitability and the risks involved, you may wish to consult a financial adviser. This i s a marketing communication. Please refer to the AIFMD Disclosure document and Annual Report of the AIF before making any final inv estment decisions. Past performance does not predict future returns. The value of an investment and the income from it can fa ll as well as rise and you may not get back the amount originally invested. Tax assumptions and reliefs depend upon an investor’s p articular circumstances and may change if those circumstances or the law change. Nothing in this document is intended to or s hould be construed as advice. This document is not a recommendation to sell or purchase any investment. It does not form part of an y contract for the sale or purchase of any investment. 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