The National Investment Trust Limited (NITL.mw) 2013 Annual Report

first_imgThe National Investment Trust Plc (NITL.mw) listed on the Malawi Stock Exchange under the Investment sector has released it’s 2013 annual report.For more information about The National Investment Trust Plc (NITL.mw) reports, abridged reports, interim earnings results and earnings presentations, visit the The National Investment Trust Plc (NITL.mw) company page on AfricanFinancials.Document: The National Investment Trust Plc (NITL.mw)  2013 annual report.Company ProfileThe National Investment Trust Plc (NITL) manages a closed-end fund that invests in a diversified of Malawi Stock Exchange listed shares and unlisted private securities. The principle objective of NITL is to provide a vehicle for the public to participate in equity investment in Malawi. The fund is a product of Malawi’s progressive privatisation policy and provides income and capital growth opportunities for investors. Financial gain from investments are tax free if held for more than a year. NITL manages a portfolio of investments with funds raised by selling units allocated according to the amount invested in the fund. The NITL manages two Unit Trusts; the NITL Local Equity Fund and the NITL Global Opportunities Fund. Both provide favourable middle- to long-term performance with controlled risk and tax-free earnings. The holding company is based in Mauritius. The National Investment Trust Plc (NITL) is listed on the Malawi Stock Exchangelast_img


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