City of London Investment Trust

{{Infobox company

| name = City of London Investment Trust

| type =

| founded = 1861

| founders =

| hq_location_city = London, UK

| website = [https://www.janushenderson.com/en-gb/investor/product/the-city-of-london-investment-trust-plc/ Official site]

| traded_as = {{ubl|{{LSE|CTY}}|FTSE 250 component}}

}}

City of London Investment Trust is a large British investment trust dedicated to investments in UK equities. Established in 1861,{{Cite web |title=The City of London Investment Trust plc |url=https://www.janushenderson.com/en-gb/investor/product/the-city-of-london-investment-trust-plc/ |url-status=live |archive-url=https://web.archive.org/web/20201109125601/https://www.janushenderson.com/en-gb/investor/product/the-city-of-london-investment-trust-plc/ |archive-date=9 November 2020 |access-date=9 November 2020 |publisher=Janus Henderson |quote=Incorporation Date 26 Sep 1861}} the company is a constituent of the FTSE 250 Index; it is also listed on the New Zealand Stock Exchange.{{Cite web |title=City of London Investment Trust |url=https://www.nzx.com/instruments/TCL |url-status=live |archive-url=https://web.archive.org/web/20190824183924/https://www.nzx.com/instruments/TCL |archive-date=24 August 2019 |access-date=3 March 2020 |publisher=New Zealand Stock Exchange}} The chairman is Sir Laurie Magnus, and the manager since 1991 has been Job Curtis.{{Cite web |title=The City of London Investment Trust plc |url=https://www.janushenderson.com/en-gb/investor/product/the-city-of-london-investment-trust-plc/ |url-status=live |archive-url=https://web.archive.org/web/20201109125601/https://www.janushenderson.com/en-gb/investor/product/the-city-of-london-investment-trust-plc/ |archive-date=9 November 2020 |access-date=9 November 2020 |publisher=Janus Henderson}} The fund is managed by Janus Henderson.{{Cite web |title=City of London Investment Trust |url=https://www.trustnet.com/factsheets/t/he03/the-bankers-investment-trust |url-status=live |archive-url=https://web.archive.org/web/20200303175728/https://www.trustnet.com/factsheets/t/he03/the-bankers-investment-trust |archive-date=3 March 2020 |access-date=3 March 2020 |publisher=Trust.net}}

History

The company was formed as City of London Brewery Company Limited in 1860 to acquire Calverts, a family brewing business at Upper Thames Street in the City of London.{{Cite web |title=Calvert's Brewery |url=http://www.lightstraw.co.uk/ate/main/mondial/landmark/calverts.html |url-status=live |archive-url=https://web.archive.org/web/20200224070941/http://www.lightstraw.co.uk/ate/main/mondial/landmark/calverts.html |archive-date=24 February 2020 |access-date=28 February 2021 |publisher=Light Straw}} In 1932, the name was changed to The City of London Brewery and Investment Trust Limited, parts of the business having been sold and the proceeds invested in securities according to investment trust principles. In 1968, the remaining part of the brewery business was sold and the Company concentrated exclusively on investments in securities.

In 1970, the Company appointed Touche Remnant as Investment Manager and in 1982 the name was changed to TR City of London Trust PLC. In 1992, Touche, Remnant & Co. was acquired by Henderson Administration Group plc. The name of the company was changed to The City of London Investment Trust plc in October 1997.{{Cite web |title=Announcement Change of Name |url=https://cdn.janushenderson.com/webdocs/The+City+of+London+Investment+Trust+plc+-+Annual+Report+2020.pdf |access-date=5 April 2023 |publisher=Janus Henderson City of London Investment Trust PLC}}

References

External links

[https://www.janushenderson.com/en-gb/investor/product/the-city-of-london-investment-trust-plc/ Official site]
[https://www.theaic.co.uk/companydata/city-of-london-investment-trust Company overview page] from Association of Investment Companies (aic)
[https://www.londonstockexchange.com/stock/CTY/city-of-london-investment-trust-plc/company-page Company page] from London Stock Exchange
[https://www.trustnet.com/factsheets/T/HJ01/the-city-of-london-investment-trust-ord Factsheet] from trustnet.com

Category:Investment trusts of the United Kingdom

Category:Financial services companies established in 1861

Category:1861 establishments in England

Category:Companies listed on the London Stock Exchange

Category:Companies in the FTSE 250 Index