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Trust For promotional purposes

THE OF INVESTMENT TRUST PLC www.cityinvestmenttrust.com

Fund facts at 31 August 2021

Company objective Share price performance (total return) Dividend history (pence/share) The Company's objective is to provide long term growth in income 140 25 and capital, principally by investment in UK equities. The 130 20 Board continues to recognise the importance of dividend income to 120 shareholders. The latest Annual 15 Report and Key Information Document set out the investment 110 10 objective and policy in full and you should read them before investing. 100 5 For commentary from our fund manager please visit our website. 90 2017 2018 2016 2008 2010 2013 2014 2015 2004 2005 2007 2012 2003 2006 2009 2011 2019 2020 2021 2001 Aug Aug Aug Aug Aug Aug 0 2002 16 17 18 19 20 21 NAV (cum income) 392.6p Price (rebased) FTSE All-Share Index Income NAV (ex income) 389.8p Please note that this chart could include dividends that have been declared but not yet paid. Share price 396.5p Discount(-)/premium(+) +1.0% Discount/premium (%) with average line (cum income) Yield 4.82% 8 6 Net gearing 6% 4 2 Net cash - 0 Total assets £1905m -2 -4 Net assets £1753m Aug Apr Nov Jun Jan Aug 18 19 19 20 21 21 Market capitalisation £1771m Shares in issue 446,549,868 Cumulative performance (cum income) (%) Annual performance (cum income) (%) Total number of holdings 82 Performance over 10y 5y 3y 1y 6m Discrete year performance Share NAV Ongoing charges 0.36% Share price (Total Return) 122.2 23.1 9.5 29.6 14.6 % change (updated quarterly) Price (year end 30/06/2020) (Total Return) 129.1 24.6 9.8 27.0 16.8 30/06/2020 to 30/06/2021 21.3 20.0 Ratings Benchmark (Total Return) 110.2 33.3 11.4 26.9 13.3 28/06/2019 to 30/06/2020 -16.2 -14.6 Morningstar rating - QQQ Relative NAV Outperformance 18.9 -8.7 -1.6 0.1 3.5 29/06/2018 to 28/06/2019 3.0 2.7 30/06/2017 to 29/06/2018 6.2 6.3 Source: BNP Paribas for holdings 30/06/2016 to 30/06/2017 16.6 14.5 information and Morningstar for all All performance, cumulative growth and annual growth data is sourced from Morningstar. other data. Differences in calculation may occur due to the methodology Top 10 holdings (%) Geographical focus (%) Sector breakdown (%) 3.7 used. 30 3.7 RELX 3.0 25 2.6 2.6 20 2.6 15 BAE Systems 2.5 M&G 2.3 10 Phoenix Group 2.3 87.8 5 SSE 2.2 United States 5.1 0 Germany 2.4 Switzerland 2.4 UtilitiesEnergy France 2.0 Financials Industrials Health Care Real EstateTechnology Hong Kong 0.3 Basic Materials Consumer Staples Telecommunications Consumer Discretionary

Customer services 0800 832 832 www.cityinvestmenttrust.com

Please remember that past performance is not a guide to future performance. 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. Investment Trust For promotional purposes

THE CITY OF LONDON INVESTMENT TRUST PLC www.cityinvestmenttrust.com

Company information Glossary Stock code CTY NAV (Cum Income) The value of and cash, including Gearing The effect of borrowing money for investment AIC sector UK Equity Income current year revenue, less liabilities (prior charges such as purposes (financial gearing). The amount a company can loans, debenture stock and preference shares at fair value). “gear” is the amount it can borrow in order to invest. Gearing Benchmark FTSE All-Share Index NAV (Ex Income) The value of investments and cash, excluding is used in the expectation that the returns on the investments Company type Conventional current year revenue, less liabilities (prior charges such as bought will exceed the costs of the borrowings that funded (Ords) loans, debenture stock and preference shares at fair value). the purchase. This Company can also use synthetic gearing Launch date 1891 Share price Closing mid-market share price at month end. through derivatives and foreign exchange hedging and/or Discount/premium The amount by which the price per share of other non-fully funded instruments or techniques. Financial year end 30 Jun an investment trust is either lower (at a discount) or higher Leverage The Trust’s leverage is the sum of financial gearing Dividend payment November, February, (at a premium) than the net asset value per share (cum and synthetic gearing. Details of the Trust’s leverage limits May, August income), expressed as a percentage of the net asset value can be found in both the Key Information Document and Risk rating Average per share. Annual Report. Where a trust utilises leverage, the profits (Source: Numis) Total assets Cum Income NAV multiplied by the number of and losses incurred by the trust can be greater than those shares, plus prior charges at fair value. of a trust that does not use leverage. Management fee Net assets Total assets minus any liabilities such as bank loans Net cash A company’s net exposure to cash/cash equivalents 0.325% per annum of net assets or creditors. expressed as a percentage of shareholders’ funds, after any No Market capitalisation Month end closing mid-market share price offset against its gearing. This is only shown for companies (See Annual Report & Key Information Document for multiplied by the number of shares outstanding at month that have gearing in place. more information) end. Net gearing A company’s total assets (less cash/cash Regional focus UK Share price total return The theoretical total return to the investor equivalents) divided by shareholders’ funds expressed as a assuming that all dividends received were reinvested in the percentage. Fund manager 1991 appointment shares of the company at the time the shares were quoted Risk rating The key measure used to assess risk is volatility of ex-dividend. Transaction costs are not taken into account. returns, using historic net asset value (NAV) performance of Net asset value total return The theoretical total return on the trust over 1 and 3 years. In this instance volatility shareholders' funds per share reflecting the change in Net measures how much a trust’s NAV fluctuates over time in Asset Value (NAV) assuming that dividends paid to relation to the UK Equity market. The higher a volatility figure, shareholders were reinvested at NAV at the time the shares the more the NAV has fluctuated (both up and down) over were quoted ex-dividend. A way of measuring investment time. Please note that risk categorisations are indicative and management performance of investment trusts which is not based principally on historic data and should not be solely affected by movements in discounts/premiums. relied upon when making investment decisions. Yield Calculated by dividing the current financial year's For a full list of terminology please visit; dividends per share (this will include prospective dividends) www.janushendersoninvestmenttrusts.com Fund manager by the current price per share, then multiplying by 100 to Job Curtis arrive at a percentage figure. Ongoing charges The total expenses for the financial year (excluding performance fee), divided by the average daily net assets, multiplied by 100. Specific risks • Not all the investments in this portfolio are made in Sterling, so exchange rates could affect the value of and income from your investment. • If a fund is a specialist country-specific or geographic regional fund, the investment carries greater risk than a more internationally diversified portfolio. How to invest To find out more visit www.janushendersoninvestmenttrusts.com

Other documents available online To see the Annual Report, KID and to watch the latest fund manager commentary, visit www.cityinvestmenttrust.com

Customer services 0800 832 832

www.cityinvestmenttrust.com © Copyright 2021 Morningstar. 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 performance is no guarantee of future results. 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. Past performance is not a guide to future performance. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Tax assumptions and reliefs depend upon an investor's particular circumstances and may change if those circumstances or the law change. Nothing in this document is intended to or should be construed as advice. This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. [We may record telephone calls for our mutual protection, to improve customer service and for regulatory record keeping purposes.] Issued in the UK by Investors. Janus Henderson Investors is the name under which investment products and services are provided by Janus Capital International Limited (reg no. 3594615), Henderson Global Investors Limited (reg. no. 906355), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Equity Partners Limited (reg. no.2606646), (each registered in and at 201 , London EC2M 3AE and regulated by the Financial Conduct Authority) and Henderson Management S.A. (reg no. B22848 at 2 Rue de Bitbourg, L-1273, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier). [Janus Henderson, Janus, Henderson, Perkins, Intech, VelocityShares, Knowledge Shared, Knowledge. Shared and Knowledge Labs] are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc. D10028