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LONDON - Gresham House Income & Growth 2 VCT plc reported a 0.3% net asset value (NAV) total return for the six months ended March 31, 2025, while experiencing a 2.4% decline in share price total return during the same period, according to a company press release.
The venture capital trust’s net assets stood at £182.47 million at the end of March, with a NAV per share of 54.87 pence. The board declared an interim dividend of 2.00 pence per share, which was paid to shareholders on April 11, bringing cumulative dividends paid since the company’s inception in 2004 to 172.30 pence per share.
Investment activity during the six-month period included two new investments totaling £1.40 million and four follow-on investments amounting to £1.11 million. The company reported net unrealized gains of £0.58 million, offset by net realized losses of £1.12 million.
The VCT received proceeds from investments totaling £0.68 million during the period.
Formerly known as Mobeus Income & Growth VCT plc, the company continues to manage its venture capital portfolio amid challenging market conditions, as reflected in the divergence between its NAV performance and share price returns.
The full interim report is available on the company’s website, with a copy submitted to the National Storage Mechanism.
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