Share price tumbles 34% at embattled Chrysalis

Performance fee restructure

Chrysalis investment trust has seen its share price tumble by a third in the six months to 31 March 2022, as a combination of market headwinds and negative sentiment took their toll.

According to the interim results, the trust share price had fallen from 267p to 177p, although this has since fallen further still. As of 28 June 2022, according to data from the Association of Investment Companies, the share price sat at 122.8p, a 54% tumble from its 30 September 2021 level. The net asset value per share had also fallen sharply at the Jupiter-managed trust, down 16% on its September valuation to 211.76p, leaving the fund currently trading on a 42% discount. Chrysalis misses £125m capital raise target In his statement, chair Andrew Haining revealed the board has pr...