Talisman First Venture Capital NAV up 2.9%
27th July 2012
Talisman First Venture Capital Trust's net asset value per share rose to 49.8p in the year to the end of March - up 2.9% on last time.
The company said its portfolio now contained more than 30 later-stage and income generating private company holdings, diversified across a range of industry sectors, with the exposure to illiquid or low income quoted stocks reduced from almost 90% of the total portfolio in 2005 to less than 5% at the year-end.
Chairman Jonathan Carr added: "This investment strategy has resulted in a 42.4% increase in revenue over the year, as a result of the Manager's policy of structuring each deal with a significant element of secured loan stock in order to generate an immediate yield to the VCT."
At 4:19pm: (LON:TFV) Talisman First Venture Capital Trust share price was 0p at 26p
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