LONDON - Albion Enterprise VCT PLC, a publicly traded venture capital trust, reported a positive total return and an increase in net asset value (NAV) for the six-month period ending September 30, 2024. The company's recent financial performance highlights a total return of 8.51 pence per share, marking a 6.8% increase on the opening NAV, a significant improvement compared to the loss of 2.87 pence per share in the comparable period of the previous year.
The NAV per share reached 131.21 pence, up from 125.77 pence at the end of March 2024. The fund size also grew to £145.7 million from £140.1 million recorded at the end of the previous fiscal half-year.
During this period, shareholders received a dividend of 3.14 pence per share. Following the successful sale of Egress Software (ETR:SOWGn) Technologies, which returned over seven times its cost, the Board declared a special dividend of 13.50 pence per share, paid out to shareholders on October 25, 2024. Additionally, a second dividend of 3.28 pence per share has been announced for the year ending March 31, 2025, scheduled for payment on February 28, 2025, to those registered on February 7, 2025.
These financial results are detailed in the company's half-yearly financial report, which has been made available on the Albion Capital Group LLP's website. The report will also be submitted to the National Storage Mechanism, where it will be accessible for public inspection.
The positive financial outcomes for Albion Enterprise VCT PLC reflect a period of successful investments and strategic exits. This news is based on a press release statement from Albion Capital Group LLP.
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