Income & Growth VCT plc Class S ( (GB:IGV) ) has issued an update.
Income & Growth VCT plc announced its financial results for the year ending 30 September 2024, highlighting a merger with Mobeus Income & Growth 4 VCT plc, which increased its net assets. Despite challenging geopolitical and economic conditions, the company achieved a positive net asset value return of 2.0%. Strategic investments were made in new and existing companies, maintaining a diversified portfolio. The merger is expected to bring cost savings, while the company’s strong liquidity post-fundraising positions it for future opportunities.
More about Income & Growth VCT plc Class S
Income & Growth VCT plc is a venture capital trust that invests primarily in a diverse portfolio of UK unquoted companies. The company aims to provide investors with attractive returns through tax-free dividend distributions from income and capital gains generated by its investments. It follows the VCT regulation requirements, offering investment in a mix of loan and equity to minimize risk and maximize returns.
YTD Price Performance: -0.76%
Average Trading Volume: 5,229
Technical Sentiment Consensus Rating: Sell
For detailed information about IGV stock, go to TipRanks’ Stock Analysis page.