Northern 3 VCT Achieves Solid Year-End Growth

Northern 3 VCT (GB:NTN) has released an update.

Northern 3 VCT PLC reports an increase in net assets from £113.0m to £122.5m for the year ended 31 March 2024, with a net asset value per share decrease from 91.6p to 89.3p. The venture capital trust experienced robust investment performance, with notable exits such as Evotix yielding returns up to 4.9 times the cost and a commitment to a conservative valuation policy amid market fluctuations. Shareholders are proposed a final dividend of 2.2p per share, maintaining an annual dividend yield of 4.5% of opening NAV per share.

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