If your risk tolerance allows u to consider buying a position in FAIR, (see below) u could lessen the risk by pair trading with a lower risk share, no share is entirely risk free.

Annual financial results for the year ended 30 June 2024

This announcement contains regulated information

CHAIRMAN’S COMMENT

“City of London’s total return of 15.6% outperformed the FTSE All-Share Index. The dividend was increased for the 58th consecutive year and fully covered by earnings per share.”

INVESTMENT OBJECTIVE

The Company’s objective is to provide long-term growth in income and capital, principally by investment in equities listed on the London Stock Exchange. The Board fully recognises the importance of dividend income to shareholders.

CTY currently yields 4.8%, other dividend heroes could be researched.

FAIR/CTY. The blended yield would be 9%, ensuring a higher yield with a lessened risk profile.