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Northern 2 VCT plc (NTV) Ordinary 5p

Sell:48.60p Buy:51.50p 0 Change: No change
Market closed Prices as at close on 23 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:48.60p
Buy:51.50p
Change: No change
Market closed Prices as at close on 23 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:48.60p
Buy:51.50p
Change: No change
Market closed Prices as at close on 23 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

The objective of the company is to provide high long-term tax-free returns to investors through a combination of dividend yield and capital growth. The company invests primarily in unquoted UK manufacturing and service businesses which meet the key criteria of good value, growth potential, strong management and ability to generate cash. The directors intend that the long-term disposition on the assets of the company will be approximately 80% in a portfolio of VCT qualifying unquoted and AIM investments and 20% in other investments selected with a view to producing an enhanced return while avoiding undue capital volatility, to provide a reserve of liquidity which will maximize the flexibility of the company as to the timing of investment acquisitions and disposals, dividend payments and share buy-backs.

Top 10 holdings currently unavailable.

Sector Weight
Financial Services 3.97%
Technology 1.42%
Communication Services 0.54%
Country Weight
United States 5.93%
United Kingdom 0.46%
France 0.38%

Fee Structure

Management fee of 2.06% p.a. of NAV. Performance fee is 12% of the total return in excess of a hurdle rate. The agreement may be terminated by not less than 12months notice.

Dividend Policy

It is intended that most of the distributable income and realised gains will be paid out.

ASSET SPLIT

Total number of holdings: 40.

Trust Manager

Tim Levett

Manager Bio

Not currently available for this investment trust.

Board Of Directors

David GravellsChairman, Alastair Conn, Frank Neale, Cecilia McAnulty, Simon Devonshire

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.