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Pin to quick picksMaven Income 1 Regulatory News (MIG1)

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Maven Income and Growth VCT is an Investment Trust

To achieve long term capital appreciation and generate maintainable levels of income for shareholders through investing in small and medium sized unlisted and AIM/NEX quoted companies.

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Interim Management Statement

7 Jan 2009 15:54

RNS Number : 2807L
Aberdeen Income & Growth VCT PLC
07 January 2009
 



Aberdeen Income and Growth VCT PLC (the Company)

Interim Management Statement Quarter ended 30 November 2008

This Interim Management Statement, for the quarter ended 30 November 2008, is provided in accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority and also includes relevant information in respect of the period from 1 December 2008 to the date of issue. This Statement has been prepared solely to provide additional information in order to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules, and should not be relied on by Shareholders, or any other party, for any other purpose.

1.

Financial highlights

Net Asset Value (NAV)* of 68.6per share at 30 November 2008 compared to 69.7p per share at 31 August 2008; and Interim dividend of 1.0p per share paid on 12 December 2008.

*The NAV is unaudited and reflects the closing bid price of quoted securities at 30 November 2008. Unlisted companies are normally valued on a six-monthly basis and the NAV incorporates the Directorsvaluation of unlisted investments as at 31 August 2008, adjusted for subsequent events where appropriate

2.

Investments and disposals

During the quarter ended 30 November 2008investments totalling £141,000 were made in one unlisted and  two AIM quoted companies and £729,000 was invested in listed UK government securities

During the same period, a combination of partial and complete disposals of one unlisted investment and four AIM quoted investments generated aggregate proceeds of £266,000 against cost of £203,000. 

 

There were no other material transactions during the period under review. 

3.

Recent developments 

Between 30 November 2008 and the date of this statement, investments totalling £115,000 were made in one  AIM quoted company and one unlisted company. During the same post quarter-end period, disposals of a listed UK government security, one unlisted investment and two AIM quoted investments generated aggregate  proceeds of £658,000 against cost of £674,000.

Other than described above and changes in the value of investments quoted on regulated markets, the Board is not aware of any material events during the period from 1 September to 30 November 2008, or in the period from 1 December 2008 to the date of this announcement, which would have had a material impact on the financial position of the Company.

Issued on behalf of the Board

Aberdeen Asset Management PLC, Secretary

7 January 2009

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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