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Aberdeen Income and Growth VCT PLC

 

Welcome

Aberdeen Income and Growth VCT PLC (formerly Murray VCT 4 PLC) is a generalist VCT, managed by Aberdeen Asset Managers. The manager aims to invest the VCT portfolio in up to 70 companies, typically putting no more than 3% of the fund into any one holding. Some VCTs invest in as few as 10 companies, but the manager prefers to create a larger and more diversified portfolio.

Aberdeen Income and Growth VCT PLC is a constituent of the FTSE All-Share Index and has one class of share.

Objective

Aberdeen Income and Growth VCT PLC aims to achieve long term capital and income growth principally through investment in smaller unlisted and AIM quoted companies in the United Kingdom.

Fund Manager Interview

Bill Nixon, Head of Investment, Growth Capital, discusses the continuing opportunities for VCT investment

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Bill Nixon
 

Five year record as at 31 August 2008

The bar chart shows the NAV total return (NAV plus dividends paid since launch) at end February each year (except 2009 which is as at 31 August 2008).

Source: Aberdeen Income and Growth VCT PLC Interim Report 31 August 2008

Aberdeen VCT News

April 2008
Aberdeen wins Gateway VCT fund mandate after a resounding vote by shareholders
More

October 2007
Aberdeen Income and Growth VCT results – further increases in NAV total return and impressive yields
More

September 2007
Aberdeen Growth VCT I results – increased NAV total return and strong investment activity
More

Aberdeen Income and Growth VCT PLC Data

View Current Prices

Ordinary Share

NAV 69.7p (as at 31 August 2008)

Yield on Cost 4.1% tax free on a net purchase price* of 80p (based on dividends shown)

Gross Yield† 5.5%

*On shares acquired as new-issue shares, after initial tax relief available

†The yield a higher rate taxpayer would need to achieve on a taxable UK equity portfolio to match costs

Dividends (paid or declared in the last 12 months)

Per Ordinary Share

2.3p - 25 July 2008

1.0p - 12 December 2008

NAV Total Return Performance

Ordinary Share

NAV Total Return 84.1p
2004**

NAV Total Return 100.8p
2008

Increase 19.9%

**As at the reporting date closest to when the current fund manager was appointed

Key Data

Fund Type
VCT

Date of Launch
1 February 2000

Ordinary Shares in Issue
35,463,992 (as at 31 August 2008)

Directors
Fiona Wollocombe (Chairman), Arthur MacMillan, John Pocock, Charles Stuart-Menteth

Date of Continuation Vote
2010

Literature

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