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PRIVATE EQUITY
 

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Aberdeen Growth Opportunities VCT 2 results – further increase in NAV and targeting tax-free dividends of 4p a year

The board of Aberdeen Growth Opportunities VCT 2 has announced its interim results for the six months ended 30 June 2007. This fund has continued to experience strong performance and healthy investment activity. The highlights are:

  • Total return (*) increased by 16.8% over 12 months to 117.5p
  • NAV at 111.5p, up 10.8% since June 2006
  • Dividends totaling 4.0p to Ordinary shareholders in the 6 months to 30 June 2007
  • The board declares an interim dividend of 2.0pps payable on 24 October 2007
  • An exceptionally strong period of new investment - nine new unlisted investments, and ten AIM investments (with the S Share pool investing in some of those)
  • At 30 June 2007, the Ordinary share portfolio consisted of forty-eight active unlisted and AIM investments
  • Established dividend policy targeting tax-free dividends of 4p a year
  • £5 million raised for the S Share issue, increasing the size of the overall capital base by approximately 60% without a corresponding increase in costs
  • This company was only launched in 05 - these numbers clearly position it as one of the best performing VCTs of its vintage.

*NAV plus dividends paid

Supporting Information:

  • Highly diversified Generalist VCT, with multi-asset private equity and AIM portfolios
  • Access to around 1000 investment opportunities per annum – supporting the Manager’s strategy of finding suitable private equity transactions which offer growth and a healthy running yield, in tandem with an actively managed AIM business.

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