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Dunedin Enterprise Investment Trust announces preliminary results

Dunedin Enterprise Investment Trust has announced preliminary results for the year ending April 30, 1999.

The year has seen the trusts&#39 net assets grow by 12.7 per cent to reach a record level of £89.9m up from £79.7m in 1998.

The trust which specialises in the provision of finance for management buy-outs, management buy-ins and growing businesses has returned a total net dividend up 10 per cent to 11 pence from 10 pence last year.

Total return per ordinary share was 16 per cent which compares favourably to the 1 per cent return on its benchmark the FT-Small Cap Index excluding investment trusts.


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