Rensburg Aim VCT to pay special dividend

Venture capital trust Rensburg Aim VCT has said it plans to pay a special dividend of 2.0p per share.

Venture capital trust Rensburg Aim VCT has said it plans to pay a special dividend of 2.0p per share.

In its interim management statement for the period September 1st to January 16th 2013, the company said it realised proceeds of £764,000 from qualifying investments resulting in a gain of £169,000 over historic cost, prompting it to make the special payment, due February 26th.

The group reported that the unaudited net asset value per ordinary share as of December 31st 2012 was 44.65p per share. During December 2012, the company paid an interim dividend of 1.50p per share. After adjusting for dividends paid, the NAV increased by 9.1% between September 1st 2012 and December 31st 2012.

Rensburg's performance benchmarks, the Total Return FTSE AIM All-Share and Total Return FTSE 100 indices increased by 4.2% and 4.1% respectively between September 1st 2012 and December 31st 2012.

The number of ordinary shares in issue as of January 16th 2013 was 39,655,771, the same number as recorded on August 31st. No shares were issued and 100,000 shares were bought back for cancellation during the period for a consideration of £40,000.

MF

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021
The world’s fund managers are getting very bullish – be careful out there
Stockmarkets

The world’s fund managers are getting very bullish – be careful out there

The latest survey of fund managers shows them to be extremely bullish on all the same things. And that, says John Stepek, means the market is in dange…
21 Jan 2021
Prepare for the end of the epic bubble in US stocks
US stockmarkets

Prepare for the end of the epic bubble in US stocks

US stocks are as expensive as they’ve ever been. How can you prepare your portfolio for a bubble bursting?
18 Jan 2021