Aurora Investment Trust PLC (GB:ARR) has released an update.
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Aurora Investment Trust PLC reported a slight drop in net asset value per share from 274.34p to 269.44p over the first half of 2024, with a -0.5% return, underperforming against the FTSE All-Share Index’s +7.4% return. Share price return was marginally positive at +1.6%, and the discount to NAV per share narrowed from 10.0% to 8.1%. The company also announced a merger with Artemis Alpha Trust PLC, expected to increase market capitalization by over 50%, and a change to the performance fee methodology to better incentivize long-term outperformance.
For further insights into GB:ARR stock, check out TipRanks’ Stock Analysis page.
