Audited results for Friends Ivory & Sime's (FIS) Aim VCT 2 vehicle show it raised £41.8m in the year...
Audited results for Friends Ivory & Sime's (FIS) Aim VCT 2 vehicle show it raised £41.8m in the year to 30 November 2001. To that date, the company had made £10.6m of investments in 18 quoted and unquoted companies, representing 26% of all net funds. This, said FIS, puts it on course to reach the 70% threshold listed companies must achieve within three years in order to meet VCT criteria and keep their VCT tax status. The company currently has a net asset value (NAV) of 95p, which was the initial share price once costs are removed, and will pay a dividend of 2.2p per share for the year....
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