11th Mar 2020 18:08
(Alliance News) - Maven Income & Growth VCT 5 PLC on Wednesday reported a rise in annual net asset value total return, as it made good progress on expanding its portfolio of investments.
The company's NAV total return for the year to the end of November 2019 amounted to 79.22 pence per share, up from 78.89p a year ago. NAV per share dipped to 37.37p from 37.54p.
The venture capital trust proposed a final dividend of 1.10p per share, giving a total payout of 1.60p for financial 2019.
"During the year, 19 new private and AIM quoted companies were added to the portfolio and a GBP20 million offer for subscription closed fully subscribed. In addition, two profitable exits from private company holdings also completed," said Chair Allister Langlands.
Shares in the investment company closed at 31.60 pence each, down 3.1%, in London on Wednesday.
By Tapan Panchal; [email protected]
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