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IN BRIEF: Albion Technology lowers 2023 dividend as NAV drops
Albion Technology & General VCT PLC - London-based technology and healthcare investment company - Net asset value per share contracts 1.3% to 71.99 pence as at December 31 from 72.92p a year prior. Albion Technology lowers total dividend by 6.8% to 3.72 pence per share for 2023 from 3.99p paid for 2022. "The company faces a number of significant risks, including higher interest rates, high levels of inflation and the ongoing impact of geopolitical tensions. This complex backdrop is factored into how the company is managed, including in its management of cash. Our investment portfolio, while concentrated mainly in the technology and healthcare sectors, remains diversified in terms of both sub-sector and stage of maturity and, importantly, we believe it to be appropriately valued," Albion Technology says.
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