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Northern Venture Trust - venture capital trust - At September 30, reports a net assets value per share of 63.5 pence, down from 74.1p at the same time a year prior. Total return per share is negative 6.6p, swinging from positive 13.9p at the same time the previous year. Says the performance was driven by an unrealised reduction of £9.7 million in the valuation of investments over the last twelve months.
Firm, in conjunction with Northern 2 VCT and Northern 3 VCT, announces it will launch a linked non-prospectus top up offer for subscription in the 2022/2023 tax year to raise up to £6 million in each of the Northern VCTs.
Separately, Northern 2 reports a NAV per share at September 30 of 60.2p, down from 69.2p a year prior. Also reports a total return per share of negative 2.6p, compared to a return of positive 3.4p a year prior.
Meanwhile, in a separate statement, Northern 3 reports a NAV per share at September 30 of 92.0p, down from 106.1p a year prior. Also reports a total return per share of negative 3.1p, compared to a return of positive 6.1p the previous year.
Current Northern stock price: 57.25 pence
12-month change: down 17%
Current Northern 2 stock price: 55.50 pence
12-month change: down 10%
Current Northern 3 stock price: 85.50 pence
12-month change: down 16%
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