ProVen Growth & Income, ProVen VCT Interim Net Asset Values Fall

(Alliance News) - ProVen Growth & Income VCT PLC and ProVen VCT PLC on Thursday reported interim ...

Alliance News 29 October, 2020 | 7:04PM
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(Alliance News) - ProVen Growth & Income VCT PLC and ProVen VCT PLC on Thursday reported interim declines in net asset value.

ProVen VCT's NAV per share at August 31 was down 4.0% to 67.30 pence from 70.10p at the end of February. Net assets rose, however, by 91% to GBP114.9 million from GBP105.4 million.

ProVen Growth & Income's NAV per share slipped 5.6% to 55.30p from 58.6p at the end of February, though its net assets climbed.

ProVen Growth reported net assets of GBP123.9 million, up 5.7% from GBP117.2 million.

Both venture capital trusts blamed the NAV decline on final payouts, ProVen VCT paid a 2.0p final dividend, ProVen Growth returned 1.75p to shareholders.

ProVen Growth & Income VCT shares closed 7.5% lower at 47.00p each in London on Thursday. ProVen VCT closed untraded at 60.00p.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
ProVen Growth and Income VCT Ord 51.00 GBX 0.00 -
ProVen VCT Ord 62.50 GBX 0.00 -

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