Interim Management Statement

 

TIDMAIGV 
 
RNS Number : 3640V 
Aberdeen Income & Growth VCT PLC 
08 July 2009 
 

Aberdeen Income and Growth VCT PLC (the Company) 
Interim Management Statement - Quarter ended 31 May 2009 
 
 
This Interim Management Statement, for the quarter ended 31 May 2009, is 
provided in accordance with Rule 4.3 of the Disclosure and Transparency Rules of 
the UK Listing Authority and also includes relevant information in respect of 
the period from 1 June 2009 to the date of issue. This Statement has been 
prepared solely to provide additional information in order to meet the relevant 
requirements of the UK Listing Authority's Disclosure and Transparency Rules, 
and should not be relied on by Shareholders, or any other party, for any other 
purpose. 
 
 
1.         Financial highlights 
 
 
· Net Asset Value* (NAV) of 64.1p per share at 31 May 2009 compared to 63.3p per 
share at 28 February 2009. 
· Final dividend of 2.0p per share to be paid on 24 July 2009, bringing total 
dividend payment for the year ended 28 February 2009 to 3.0p, equivalent to a 
yield of 5.0% from an equity investment to a higher-rate taxpayer on an 
effective initial investment of 80p per share when the initial tax relief of 20% 
is taken into account. On the current mid-market price of 37.5p, the equivalent 
yield from an equity investment to a higher-rate taxpayer would be 10.7%. 
 
 *The NAV is unaudited and reflects the closing bid price of quoted 
securities at 31 May 2009. Unlisted companies are normally valued on a 
six-monthly basis and the NAV incorporates the Directors' valuation of unlisted 
investments as at 28 February 2009, adjusted for subsequent events where 
appropriate. 
 
 
2.         Investments and Disposals 
 
 
During the quarter ended 31 May 2009, investments totalling GBP192,000 were made 
in two unlisted companies. 
 
 
There were no other material transactions during the period under review. 
 
 
3.         Recent developments 
 
 
Between 1 June 2009 and the date of this statement, investments totalling 
GBP1,124,000 were made in two unlisted  companies 
 
 
During the same post quarter-end period, a combination of partial and complete 
disposals of two unlisted and three AIM quoted investments generated aggregate 
proceeds of GBP1,242,000 against cost of GBP1,194,000. 
 
 
Other than described above and changes in the value of investments quoted on 
regulated markets, the Board is not aware of any material events during the 
period from 1 March to 31 May 2009, or in the period from 1 June 2009 to the 
date of this announcement, which would have had a material impact on the 
financial position of the Company. 
 
 
Issued on behalf of the Board 
Maven Capital Partners UK LLP, Secretary 
8 July 2009 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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