13th Dec 2019 17:38
(Alliance News) - Chrysalis VCT PLC on Friday declared an unchanged final dividend for financial 2019, as it reported a drop in its net asset value.
The investment trust said net asset value at October 31 stood at 67.00 pence per share, down from 73.40p a year ago. Net assets declined to GBP19.1 million from GBP21.3 million.
Total return - NAV plus dividends - increased slightly to 157.70p from 156.85p.
Chrysalis VCT proposed a unchanged final dividend of 3.25 pence per share, giving a total payout of 7.25p, down from 8.00p a year ago.
Chair Martin Knight said: "The company's investment portfolio is now highly concentrated and shareholder outcomes are therefore likely to be significantly influenced by the performance or corporate activity of individual investee companies. The board continues to monitor such developments closely."
Chrysalis VCT shares on Friday closed at 56.00p each in London.
By Tapan Panchal; [email protected]
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