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
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Will a second wave of Covid lead to another stockmarket crash?
Stockmarkets

Will a second wave of Covid lead to another stockmarket crash?

Can we expect to see another lockdown like in March, and what will that mean for your money? John Stepek explains.
18 Sep 2020
Here’s why you really should own at least some bitcoin
Bitcoin

Here’s why you really should own at least some bitcoin

While bitcoin is having a quiet year – at least in relative terms – its potential to become the default cash system for the internet is undiminished, …
16 Sep 2020
IAG's share price is ready for take-off - here's how to play it
Trading

IAG's share price is ready for take-off - here's how to play it

The owner of British Airways has had a turbulent year, but is now worth a punt. Matthew Partridge explains the best way to play it.
8 Sep 2020