Maven Income 1 Regulatory News (MIG1)

7 Jan 2009 15:54



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 68.6p per 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 Directors' valuation of unlisted investments as at 31 August 2008, adjusted for subsequent events where appropriate. 

2.	Investments and disposals

During the quarter ended 30 November 2008, investments 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

 

 

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