Albion Venture Capital Trust PLC - investment trust - Net asset value for the year to March 31 declines to 70.13 pence each from 79.00p a year ago following a reduction in value of unquoted portfolio due to the impact of the coronavirus pandemic. To move to a variable dividend policy targeting an annual dividend yield of around 5.0%. Declares first dividend for the year ending March 31 of 2.50 pence per share.
Current stock price: 65.00 pence
Year-to-date change: down 8.8%
By Tapan Panchal; tapanpanchal@alliancenews.com
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