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LONDON - Gresham House Income & Growth 2 VCT PLC reported a 1.08 pence decrease in net asset value (NAV) per share to 53.79 pence for the quarter ended June 30, according to an interim management statement released Thursday.
The company, which changed its name from Mobeus Income & Growth VCT in June, attributed the NAV decline primarily to a 2.00 pence per share dividend paid on April 11. When adjusted for this dividend payment, the NAV actually increased by 0.92 pence, representing a 1.7% rise on a total return basis.
The venture capital trust made four new investments during the quarter, totaling £4.80 million. These included £2.10 million in quantum networking hardware developer Nu Quantum Limited, £1.08 million each in competitive socializing company Spinners Group Limited and AI-powered software platform Modo25 Limited, and £0.54 million in pension platform Penfold Technology Limited.
The company also completed three investment exits during the period. It sold its stake in Rotageek to Elmo Software for £4.03 million, representing a 1.5x return on its original £2.70 million investment. The company also divested from MyTutorweb for £2.28 million and SEC Group for a nominal sum.
After the quarter’s end, Gresham House made three follow-on investments totaling £0.96 million in existing portfolio companies and repurchased 2,785,707 of its own shares at 50.23 pence per share.
The company declared a second interim dividend of 2.00 pence per share for the year ending September 30, 2025, payable on October 30 to shareholders of record as of September 19.
As of June 30, the company’s net assets stood at £179.18 million, with 333,080,671 shares in issue. The cumulative total return per share since inception was 226.09 pence.
This information was provided in a company press release statement.
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