17th Apr 2020 17:45
(Alliance News) - Mobeus Income & Growth 4 VCT PLC on Thursday reported a fall in net assets in 2019 but upped its dividend.
Net assets at December 31 were 14% lower annually at GBP50.0 million from GBP57.9 million.
NAV per share was 12% lower at 74.90 pence from 84.79p.
Shares in the venture capital trust closed untraded at 54.00p each in London on Friday.
Mobeus Income & Growth 4 VCT paid 124.20p in dividends during 2019, up 18% from 105.20p.
"The company has made significant progress in all areas this year. New investments, realisations of investments and valuations of the existing portfolio can all report positive developments. The company has made investments into five new companies, provided follow-on funding to one existing portfolio company and has realised its holdings in three portfolio companies, including the company's first profitable exit of a younger growth capital investment," the trust said.
"At the time of writing there remains significant uncertainty with regard to the lasting effects on the world economy of Covid-19 although it is clear that UK economic growth will reduce this year."
By Eric Cunha; [email protected]
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