28th Jan 2014 19:23
LONDON (Alliance News) - A number of Octopus venture capitalist trusts Tuesday reported their results for the last financial year, all of which showed an increase in their total return.
Total return, which is made up of the net asset value and cumulative dividends, rose by 7.7% from 127.9 pence per share to 137.7 pence per share at Octopus Titan VCT 2 PLC.
At Octopus Titan VCT it increased by 4.3% to 122.5 pence per share, while at Octopus Titan VCT 4 PLC it rose to 101.7 pence per share from 87.7 pence per share.
Each company put the increase in their total returns down to the performance of their portfolio companies.
VCTs invest in very small companies which are looking for further investment to help develop their business. Investors have become increasingly interested in VCTs as a way of getting a return, as well as to take advantage of tax benefits associated with investing in them.
The companies were all reporting for the year ended October 31, 2013.
By Samuel Agini; [email protected]; @samuelagini
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