28th Mar 2025 13:52
(Alliance News) - CT Private Equity Trust PLC on Friday said it saw a rise in its net asset value during 2024, while its share price return beat its benchmark index.
The Edinburgh-based investment trust for private equity assets reported a net asset value of 706.03 pence per share at December 31, up 0.5% from 702.50p at the 2023 year-end.
The trust delivered a NAV total return of 4.6%, against 2.8% in 2023.
Its share price total return for the year was 10.9%, down from 17.6% in 2023 and outperforming the 9.5% return on the FTSE All-Share Index for 2024.
Shares in CT Private Equity Trust were up 0.1% at 465.23 pence in London on Friday afternoon.
The trust declared a total dividend of 28.04p per share, up from 27.98p in 2023.
"This excellent performance is based on the strength of the underlying fundamentals for our investee companies which, supported by our investment partners, have adapted to changing environments and recorded impressive growth in revenues and profits," said Chair Richard Gray.
"Meanwhile the flow of investment opportunities that your managers appraise remains very strong reflecting the breadth of the mid-market universe we address and the depth of our networks in these markets internationally. The outlook for 2025 remains uncertain, however your company remains well positioned to deliver further gains to shareholders whilst laying the foundations for future growth."
By Emily Parsons, Alliance News reporter
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