Northern 2 VCT (GB:NTV) has released an update.
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Northern 2 VCT PLC reported a positive year with a net asset value increase to £119.5m and a return of 1.4p per share, despite economic challenges and market volatility. The company’s focus on early-stage UK businesses led to robust investment activity, including £14.8 million invested in 20 ventures, and a well-received share offer raising £20 million. Dividends remained strong with a total of 3.0p per share proposed, aligning with the company’s objective of a 5% annual dividend yield.
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