Interim Management Statement

 

TIDMCR5 
 
RNS Number : 8513R 
Core VCT V PLC 
07 May 2009 
 

Core VCT V plc (the 'Company') 
 Interim Management Statement 
 For the 
quarter ended 31 March 2009 
 
 
To the members of Core VCT V plc 
 
This interim management statement has been produced solely to provide additional 
information to shareholders as a body to meet the relevant requirements of the 
UK Listing Authority's Disclosure and Transparency Rules. It should not be 
relied upon by any other party or for any other purpose. 
 
 
This interim management statement relates to the period from 1 January 2009 to 
31 March 2009, and contains information that covers this period, and up to the 
date of publication of this interim management statement, unless otherwise 
specified. 
 
 
PERFORMANCE - 31 March 2009 
+------------------------+------------------------+------------------------+ 
|                        |    At 31 March 2009    |  At 31 December 2008   | 
+------------------------+------------------------+------------------------+ 
| Net Asset value per    |        86.51p          |        85.46p          | 
| share                  |                        |                        | 
+------------------------+------------------------+------------------------+ 
| Cumulative dividends   |          7.0p          |          7.0p          | 
| paid and proposed to   |                        |                        | 
| date                   |                        |                        | 
+------------------------+------------------------+------------------------+ 
| Total Return since     |        (1.0%)          |        (2.2%)          | 
| inception              |                        |                        | 
+------------------------+------------------------+------------------------+ 
| Share Price            |         80.0p          |         80.0p          | 
+------------------------+------------------------+------------------------+ 
*NAV plus cumulative dividends paid and proposed to date. Based on a starting 
NAV of 94.5p 
 
DIVIDENDS 
A dividend of 6.5p will be paid to shareholders on 21 May 2009. 
NEW INVESTMENTS 
No new unlisted investments were made in the period. 
SHARE CAPITAL 
The Company has not issued or bought back any shares during the period. 
 
ANNUAL GENERAL MEETING 
At the Annual General Meeting of the Company on 6 May 2009 all eleven 
resolutions were passed. 
 
 
OUTLOOK 
The Managers continue to exercise caution in completing new investments given 
the current economic outlook. This has resulted in new investments being slower 
than otherwise might be the case. However the fund has a strong liquidity 
position which will be used to acquire additional qualifying investments in the 
next 6 months as acquisition terms become more attractive. 
In common with all Venture Capital Trusts, there is little if any available 
liquidity in trading in the Company's shares, and although the Directors are 
able to buy back shares within certain constraints, this is intended for use 
only in exceptional circumstances. Accordingly, those investors who seek to 
realise value by selling their shares in the secondary market are likely to 
suffer a significant discount and potential loss of value. We would strongly 
suggest that shareholders consider holding their shares with a view to 
benefiting from future realisations. 
 
Other than as set out above, the Board 
is not aware of any significant events or transactions which have occurred 
between 31 March 2009 and the date of publication of this interim management 
statement which would have a material impact on the financial position of the 
Company. 
 
 
For further information, please contact: 
Rosemary O'Neil for Aberdeen Asset 
Management PLC, Company Secretary on 0141 306 7553. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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