Octopus Titan VCT Reports Decline in NAV Amidst Economic Challenges

Octopus Titan VCT (GB:OTV2) has released an update.

Octopus Titan VCT plc reported a net asset value (NAV) per share of 62.4p as of December 31, 2023, a decrease from the previous year’s 76.9p, amidst challenging global economic conditions that impacted portfolio companies’ growth and funding. Despite a 12.4% total return loss, dividends of 5p per share were paid, and the fund raised £107 million. The company’s long-term performance remains strong, with a 10-year cumulative return of +28% and a tax-free annual compound return of 2.5% for shareholders.

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