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

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