Seneca Partners’ VCT shareholders see Capital Growth following increase in NAV

Seneca Partners’ VCT shareholders see Capital Growth following increase in NAV

Seneca Growth Capital VCT is pleased to announce an uplift in its B Share NAV to 99.4p per share, at 19th February 2021 following an overall increase in value across its AIM quoted and private investments.

This demonstrates a 25% increase when compared with its B Share NAV in March 2020 and an overall increase in the Total Return per B Share to 105.4p, as at the same date. Shareholders on the register on 30th April 2021 will also receive an interim dividend of 1.5p per share with an ex-dividend date of 29th April 2021.

Seneca Partners’ Investment Director, John Davies commented: ‘’This is very good news for our VCT B shareholders, especially when viewed against the difficult economic backdrop of the pandemic. As a younger VCT, we aim to provide capital growth as well as dividend returns from the unusual blend of AIM quoted and private companies in our portfolio, and this uplift demonstrates that capability. This is a point of differentiation, as often the larger VCTs reach a size where capital uplifts become very difficult to achieve.

“We remain confident that our pipeline of new opportunities, together with our existing investee companies will continue to provide attractive returns for B shareholders over the medium term.’’

Risk Warning

The value of an investment in the Seneca Capital Growth VCT plc may go down as well as up, in which case an investor may not get back the amount invested. The share prices quoted may not reflect the VCT’s net asset value. Seneca Growth Capital VCT plc’s investments include holdings in private companies which are small and which carry an above-average level of risk to capital and whose shares may not be readily marketable. It also invests in companies quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (LSE) which is generally for smaller, emerging companies and carries a higher level of risk to capital than the main market of the LSE. The past performance of Seneca Growth Capital VCT plc is not a guide to the future performance. Any tax reliefs available to investors are dependent on personal circumstances and may change in the future. The tax reliefs available to certain investors in Seneca Growth Capital VCT plc are dependent on the VCT maintaining HMRC approval. If this approval is withdrawn, the VCT will lose its status and all tax reliefs are likely to be cancelled. Investors must retain their VCT shares for five years to retain the up-front income tax relief. The tax rules and regulations governing VCTs are subject to change. An investment in Seneca Growth Capital VCT plc may not be suitable for all investors. Investors should seek advice from a qualified financial adviser. Nothing on this website should be construed as investment or tax advice.

Important information

This information is of a general nature and does not constitute an offer to provide services.

The opinions and conclusions given here are those of Seneca Partners and are subject to change without notice.

The value of investments and/or any income arising from them may fluctuate.

Past performance is not necessarily a guide to future performance.

Important notice

The products and services shown on this website place capital at risk. Investors may receive less in returns than they have invested. Investments may not allow for capital to be withdrawn on demand. If an investment provides tax relief then this relief is subject to change and is dependant on personal circumstances. Any reference to past performance or forecasted performance is not a reliable indicator of future performance.

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