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Income & Growth VCT PLC reported on Wednesday a 5.1% decline in net asset value in the quarter to December 31 compared with the end of the previous quarter.
The London-based firm said NAV fell to 79.43 pence from 83.73 pence at September 30.
Net assets attributable to shareholders rose to £117.02 million from £108.42 million and a second interim dividend of 4 pence was paid in respect for the year ended September 30.
The quarter saw the VCT sell its investment in EOTH Ltd, raising £7.34 million in cash. Total proceeds over the life of the investment were £9.54 million compared to an original investment cost of £1.38 million.
There was no investment activity during the quarter but the firm concluded a £22 million offer for subscription and a buyback of 296,033 shares at 78.64 pence each.
Since the quarter end, the firm has bought a further 1.2 million shares at a price of 75.74 pence each.
Shares in Income & Growth VCT fell 2% to 73.50 pence in late trading in London on Wednesday.
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