25th Jun 2026 16:27
(Alliance News) - ICG Enterprise Trust PLC on Thursday raised its dividend and reported a net asset value total return of 0.1% for the first quarter of the financial year.
In a trading update, the investor in private companies, primarily in Europe and the US, said the NAV per share at the end of April was 2,036 pence, down 0.4% from 2,044.6p at the end of January.
The FTSE all-share index total return during the period was 2.1%.
The portfolio return on a sterling basis was 0.2%, and was flat on a local currency basis.
ICG Enterprise Trust declared a first quarter dividend of 9.5p per share, up 5.6% from 9p a year ago. It intends to pay total dividends of at least 42p per share for financial 2026, up 7.7% from 39p in financial 2026.
For the first quarter, it reported total proceeds of GBP51 million, driven by exits from Curium and Yodo, which were both in its top 30 companies.
ICG Enterprise Trust said a 20% reduction in the management fee cap will be implemented over the next two financial years. It will be 1.125% of NAV from the start of financial 2028 and 1.00% of NAV from financial 2029.
Shares in ICG Enterprise Trust were up 0.6% at 1,396.00p on Thursday afternoon in London.
By Michael Hennessey, Alliance News reporter
Comments and questions to [email protected]
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Related Shares:
ICG Enterprise Trust