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Shares in the FTSE 250-listed company Mercantile Investment Trust are trading at 224 following a stock split.

Mercantile Investment Trust, a JP Morgan-backed UK investment trust investing in small and medium-sized businesses, suspended trading in its shares on Thursday ahead of a planned share split which now gives every existing shareholder an additional nine shares. The company’s share price went from 2232 pence on Thursday to 224 pence on Friday.

MIT has performed consistently well over the last ten years and managed to survive the post-2008 crisis period better than many of its peers. In the last two years the share price rose 30% and its net asset value increased by 27% during the same period.

 

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Vanya Dragomanovich

Vanya is an award-winning financial journalist who has worked in both television and newswires. She spent over 10 years at Dow Jones covering commodity markets, including metals, coffee, cocoa and oil. She also reported from the floor of the London Metals Exchange, and appeared on CNBC to discuss international metals markets. Since then she has written for several leading financial publications, including serving as commodities editor for FTSE Global Markets.

Vanya continues to cover international commodities markets globally, specialising in particular on metals and alternative energy. She is also the author of a book on CFD trading.

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