Northern Venture Trust - venture capital trust - At September 30, reports a net assets value per share of 63.5 pence, down from 74.1p at the same time a year prior. Total return per share is negative 6.6p, swinging from positive 13.9p at the same time the previous year. Says the performance was driven by an unrealised reduction of GBP9.7 million in the valuation of investments over the last twelve months.
Firm, in conjunction with Northern 2 VCT and Northern 3 VCT, announces it will launch a linked non-prospectus top up offer for subscription in the 2022/2023 tax year to raise up to GBP6 million in each of the Northern VCTs.
Separately, Northern 2 reports a NAV per share at September 30 of 60.2p, down from 69.2p a year prior. Also reports a total return per share of negative 2.6p, compared to a return of positive 3.4p a year prior.
Meanwhile, in a separate statement, Northern 3 reports a NAV per share at September 30 of 92.0p, down from 106.1p a year prior. Also reports a total return per share of negative 3.1p, compared to a return of positive 6.1p the previous year.
Current Northern stock price: 57.25 pence
12-month change: down 17%
Current Northern 2 stock price: 55.50 pence
12-month change: down 10%
Current Northern 3 stock price: 85.50 pence
12-month change: down 16%
By Heather Rydings; heatherrydings@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Northern Venture Trust (NVT)
Northern 2 Vct (NTV)
Northern 3 Vct (NTN)