Northern Venture, Northern 2, Northern 3 report net asset value fall

Northern Venture Trust PLC, Northern 2 VCT PLC and Northern 3 VCT PLC - venture capital trusts - ...

Alliance News 24 November, 2023 | 5:11PM
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Northern Venture Trust PLC, Northern 2 VCT PLC and Northern 3 VCT PLC - venture capital trusts - Northern Venture reports net asset value of 61.4 pence per share for September 30, down from 63.5p a year prior. Declares 1.6p per share dividend. Says macroeconomic conditions are challenging, but it is well capitalised, which Northern 3 VCT says as well. Northern 2 VCT reports NAV per share of 58.6p as at September 30, down from 60.2p a year ago. Declares 1.8p per share dividend. Looking ahead, Northern 2 VCT says the macroeconomy causes considerable uncertainty. Northern 3 VCT reports September 30 NAV per share of 90.0p, down from 92.0p a year ago. Declares 2.0p per share dividend.

Current Northern Venture stock price: 57.00 pence, down 2.6% on Friday

12-month change: down 5.0%

Current Northern 2 stock price: 53.50p, down 4.5% on Friday

12-month change: down 6.1%

Current Northern 3 stock price: 86.50p

12-month change: down 0.6%

By Tom Budszus, Alliance News slot editor

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Northern 2 VCT Ord 54.50 GBX 0.00 -
Northern Venture Trust Ord 57.50 GBX 0.00 -
Northern 3 VCT Ord 84.50 GBX 0.00 -

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