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IN BRIEF: New Century AIM VCT Net Asset Value Dips

Tue, 30th Jun 2020 17:50

New Century AIM VCT PLC - venture capital trust - Net asset per share at February 29 65.97 pence versus 68.81p on the same date a year ago. Feels that it "would not make sense to sell shares at current prices" to fund a dividend. "We believe it is both more prudent and makes more commercial sense to keep that money invested whilst continuing to take advantage of the increasing capital raises that have presented themselves recently," the company said.

Current stock price: 51.75p

Year-to-date change: down 22%

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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