Close Brothers Protected VCT announces interim figures

Close Brothers Protected VCT's net asset value per share as at 30 September 2004 was 86.3p, a decrease of 5.2% since 31 March 2004. This is due to movements in the share prices of the AIM portfolio, which represented 22.3% of total investments by value at the period end. The asset based investment portfolio grew from £5.6m to £8.7m. The higher yield from these investments, when compared to the Royal Bank of Scotland guaranteed loans which they replaced, resulted in a higher level of income from investments. This has allowed the company to increase its interim dividend by 60% from 0.75p per share to 1.20p per share. Asset based investments in the period included further investments in Barleycroft Care Home Ltd, Applecroft Care Home Ltd, Kew Green VCT Ltd which is developing an Express by the Holiday Inn at Stansted airport, and the Bold Pub Company Ltd.

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