Northern 2 VCT releases half year results

The net asset value per share of Northern 2 VCT at 31 July 2004, after providing for the proposed first interim dividend of 4.0p per share, was 95.8p - up by 0.3% over the past 12 months but 0.7% lower than at 31 January 2004. The exit from the investment in T J Brent through a trade sale, which has enabled the trust to report an interim capital dividend of 3p per share in respect of the period, on top of an interim revenue dividend of 1p per share. Two unquoted investments, BBI Holdings and Vectura Group, were floated on the AIM. Since the end of the half-year the trust has announced the sale of Keith Prowse, realising a capital gain which the group intends to distribute by means of a second interim capital dividend of 3.3p per share.

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• UK / Ireland