29th Oct 2020 19:04
(Alliance News) - ProVen Growth & Income VCT PLC and ProVen VCT PLC on Thursday reported interim declines in net asset value.
ProVen VCT's NAV per share at August 31 was down 4.0% to 67.30 pence from 70.10p at the end of February. Net assets rose, however, by 91% to GBP114.9 million from GBP105.4 million.
ProVen Growth & Income's NAV per share slipped 5.6% to 55.30p from 58.6p at the end of February, though its net assets climbed.
ProVen Growth reported net assets of GBP123.9 million, up 5.7% from GBP117.2 million.
Both venture capital trusts blamed the NAV decline on final payouts, ProVen VCT paid a 2.0p final dividend, ProVen Growth returned 1.75p to shareholders.
ProVen Growth & Income VCT shares closed 7.5% lower at 47.00p each in London on Thursday. ProVen VCT closed untraded at 60.00p.
By Eric Cunha; [email protected]
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