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IN BRIEF: British Smaller Cos VCT 2 net asset value dips; cuts payout

Fri, 12th Mar 2021 15:08

British Smaller Companies VCT 2 PLC - venture capital trust - As at December 31, net asset value per share dips to 55.0 pence from 55.2p the same date the year before.

However, total return for the year is 125.0p per share, up from 121.7p the prior year due to continued valuation gains across the trust's portfolio.

During the year, British Smaller Companies VCT 2 made two new investments and four follow-on investments totalling GBP4.0 million.

Declares total dividend of 3.5p per share, down 56% from 8.0p the prior year.

On Thursday, raised GBP7.1 million through the issue of 12.8 million shares at prices ranging from 54.87p to 54.94p.

Current stock price: 52.00p

Year-to-date change: up 7.9%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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