Capital Gearing 11/13/2024 Earnings Report

Capital Gearing EPS Results

• Actual EPS: GBX 36.16
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Capital Gearing Revenue Results

• Actual Revenue: N/A
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Capital Gearing Announcement Details

• Date: 11/13/2024
• Time: Before Market Opens
• Conference Call Date: N/A
• Conference Call Time: N/A

Capital Gearing (LON:CGT) Trust plc was admitted to the London Stock Exchange in 1973. Peter Spiller became investment manager in 1982 and is now the longest-serving fund manager in the UK. Since his appointment, the Trust has delivered one of the strongest long-term records in the sector, with only two down years in its entire history. This consistency reflects a disciplined focus on the preservation and growth of shareholders’ real wealth across multiple market cycles. The Trust’s strategy has evolved over time. What began as a portfolio of investment trust equities has developed into a highly diversified, multi-asset approach structured around three core allocation buckets: Risk Assets – investment trusts, REITs, equities and selective corporate credit, providing long-term growth potential; Index-Linked Bonds – sovereign inflation-linked securities across developed markets, delivering protection against inflation; and Managed Liquidity Reserve – cash, Treasury bills and short-duration government bonds, providing liquidity and downside protection. This three-bucket framework allows the Trust to protect capital in difficult markets while participating in growth opportunities when valuations are attractive. The investment team has also deepened over time. Alastair Laing joined as co-manager in 2011 and Chris Clothier in 2015, working alongside Peter Spiller to provide continuity of philosophy with additional expertise and perspective. In 2015, the Trust introduced a zero discount policy, designed to ensure that, under normal market conditions, the share price remains closely aligned with the underlying net asset value, reinforcing value for shareholders.