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ICG Enterprise Trust PLC GBP ( (GB:ICGT) ) has issued an announcement.
ICG Enterprise Trust reported a NAV per share increase to 1,997p with a total return of 3.0% for Q3. The Trust continues its investment strategy with new commitments and proceeds, emphasizing more secondary and direct investments. The shareholder-focused capital allocation has led to a 9% annualized dividend increase over five years and significant share buybacks, enhancing NAV per share. The company plans to maintain a dividend of at least 35p per share for FY25 and has increased its credit facility to bolster financial flexibility. These moves position ICG Enterprise Trust well in the private equity sector, ensuring robust returns and shareholder value.
More about ICG Enterprise Trust PLC GBP
ICG Enterprise Trust is a prominent private equity investor focusing on long-term growth by investing in profitable, cash-generating private companies primarily located in Europe and the US. The company invests directly and through funds managed by Intermediate Capital Group plc (ICG) and other leading managers committed to creating sustainable growth through active management and strategic changes.
YTD Price Performance: 2.78%
Average Trading Volume: 82,483
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £855.4M
For a thorough assessment of ICGT stock, go to TipRanks’ Stock Analysis page.
