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TP70 2008(ii) VCT (TPV2)


Friday 03 July, 2009

TP70 2008(ii) VCT

Dividend Declaration

RNS Number : 0815V
TP70 2008 (ii) VCT PLC
03 July 2009

Announcement of Dividend TP70 2008 (II) VCT plc


The Board of TP70 2008 (II) has resolved to pay a first dividend of £404,000 out of the revenue profits to be paid to shareholders on the register at 17 July 2009 in respect of the period 31 March 2009, equivalent to 1.76p per share. 


Dividend Policy


The Company's policy is to pay dividends equivalent to all revenue profits, in order to return cash to shareholders as quickly as possible. In this first financial period, the Company's revenue profit has been generated primarily from income derived from cash and short term investments held pending investment in VCT qualifying investments. As the Company's investment programme progresses, the balance of assets will shift into VCT qualifying investments, which may not generate enough income to continue to pay dividends at the same rate, as the level of future dividends will depend increasingly on returns from VCT qualifying investments. Shareholders should therefore expect the level of dividends to fluctuate.


For more information please call Triple Point investment Management LLP on 020 7201 8989

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