Octopus AIM VCT - venture capital trust - As at August 31, net asset value per share rises to 101.8 pence from 98.8p the year before. Interim dividend per share remains in line year-on-year at 2.5 pence.
"The six month period to 31 August 2020 has been one of considerable volatility for stock
markets as the coronavirus pandemic unfolded. The lockdown of the UK and most other western economies led to all stockmarket indices suffering severe falls in March before recovering strongly in April and May in response to the unprecedented fiscal measures adopted by our Government and others around the world to offset the damage caused to companies and economies," said Chair Roger Smith.
"Against this background the performance of the VCT has been robust, benefitting from its relatively high exposure to the technology and healthcare sectors and the Net Asset Value rose by 12.3% on a total return basis after adding back the dividend paid in August," Smith added.
Current stock price: 100.00 pence
Year-to-date change: up 4.7%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Octopus Aim (OOA)