4th Aug 2016 16:40
LONDON (Alliance News) - Mobeus Income & Growth 4 VCT PLC on Thursday reported a net asset value total return per share of 0.1% for the first half of its financial year and a share price total return of 2.6%.
The venture capital trust said its net asset value per share at June 30 was 109.03 pence, compared to the 117.89p at the end of December. The trust said its investment portfolio recorded a loss of GBP100,000 during the first half.
Mobeus Income & Growth VCT 4 said the period had been one of consolidation as its investment advisor developed and evaluated a pipeline of opportunities which comply with its new investment policy in line with revised VCT rules.
"The board's view remains that the changes in VCT legislation restrict the universe of companies that the company can invest in. These changes may cause new investments to carry a higher risk, but could also hold the prospect of higher but more variable returns," the trust said in a statement.
The company declared an interim dividend of 2.00 pence per share, in line with a year earlier.
Shares in Mobeus Income & Growth VCT 4 closed flat at 98.50 pence on Thursday.
By Hannah Boland; [email protected]; @Hannaheboland
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