LONDON (Alliance News) – Octopus AIM VCT PLC said Friday it made a strong positive return in its recently-ended financial year, although it lagged comparative indices.
Octopus AIM reported a net asset value per share total return of 17.5% for its financial year ended February 28.
This compares to a 33% rise in the AIM index over the same period, or a 23% rise in the FTSE All Share Index.
The VCT’s net asset value at the end of the period stood at 114.4 pence, compared to 101.6p at the same date in 2016.
Shares in Octopus AIM VCT were untraded at 115.60p Friday.
Octopus AIM proposed a final dividend of 3.0 pence per share, up from 2.5p the prior year. During the year, it paid 5.0p in dividends per share, down slightly from 5.3p the prior year.
“There are a number of short term uncertainties at present which make forecasting more difficult than usual. We must hope that they do not combine to undermine investor confidence, although it seems unlikely that they will disrupt the good trading of many of your company’s holdings in the remainder of this new financial year,” said Chairman Roger Smith.
By Adam Clark; email@example.com
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