Core Viewpoint - Octopus AIM VCT 2 plc reported a decline in net asset value (NAV) and profit for the half-year ending 31 May 2025, amidst a challenging economic environment, but showed signs of cautious optimism for the AIM market and UK economy [4][5][18]. Financial Summary - Net assets decreased to £80.772 million from £83.409 million in the previous year [2]. - The company reported a loss after tax of £1.371 million compared to a profit of £5.464 million in the same period last year [2]. - NAV per share fell to 37.9p from 45.5p year-on-year [2]. - Total return per share was -2.0%, contrasting with a 6.3% return in the previous year [2]. - Dividends per share paid in the period were 1.8p, down from 5.4p in the previous year [2]. Market and Economic Context - The AIM market has shown resilience despite a complex economic landscape, with improving investor sentiment driven by expectations of interest rate cuts and stable inflation [4][6][15]. - Growth stocks remain out of favor, contributing to the company's NAV decline, which underperformed the AIM index that rose by 2.8% during the same period [5][18]. Investment Strategy and Portfolio - As of 31 May 2025, 13% of the company's net assets were invested in unquoted companies, up from 9.4% the previous year, indicating a strategic shift towards these investments [7]. - The company made four qualifying investments totaling £2.8 million, an increase from £2.5 million in the same period last year [21]. - Notable investments included Aurrigo International plc and RC Fornax plc, focusing on innovative sectors such as autonomous vehicles and defense [22][23]. Shareholder Returns and Dividends - The company declared an interim dividend of 1.8p per share, consistent with the previous year, to be paid on 27 November 2025 [11][49]. - A revised dividend policy will be introduced from the 2026 financial year, aiming for an annual dividend of 6% of the opening NAV per share [13][14]. Government Support and Regulatory Environment - The UK government reaffirmed its support for Venture Capital Trusts (VCTs) in recent statements, which is expected to enhance investment in innovative businesses [6][17]. - Proposed reforms to the VCT market include increasing investment limits and extending eligibility for companies, aimed at maintaining VCTs as vital funding sources [17].

Group 1 - The Annual Report for Octopus AIM VCT PLC for the year ended 28 February 2025 has been posted to shareholders and is available on the company's website [1] - The report includes the Notice of Meeting for the Annual General Meeting scheduled for 23 July 2025 [1] - The Annual Report and Form of Proxy have been submitted to the Financial Conduct Authority's Electronic Submission System for public inspection [2] Group 2 - Contact information for further inquiries is provided, including a contact person and telephone number [2] - The company's Legal Entity Identifier (LEI) is listed as 213800C5JHJUQLAFP619 [2]

Core Viewpoint - ProVen Growth and Income VCT plc reported its annual financial results for the year ended 28 February 2025, highlighting a decrease in net asset value per share and a consistent dividend yield [1][2]. Financial Performance - The net asset value (NAV) per ordinary share decreased to 50.2p as of 28 February 2025, down from 54.7p the previous year, reflecting a year-on-year change of (3.2)% [2]. - Total return, which includes net asset value plus dividends paid since the launch of the 'C' Share class, was 131.35p, slightly down from 133.1p [2]. - Dividends paid for the year remained stable at 2.75p per share, resulting in a dividend yield of 5.2% based on the opening NAV per share at 1 March 2024 [2][4]. Dividend Proposal - The Board proposed a final dividend of 1.5p per share for the year ended 28 February 2025, subject to shareholder approval at the upcoming AGM [3]. - The total tax-free dividends for the year amount to 2.75p per share, providing a cash return to shareholders [4]. Annual General Meeting (AGM) - The next AGM is scheduled for 15 July 2025 at the offices of Beringea LLP, with options for shareholders to attend in person or via video conference [5][6]. - Shareholders are encouraged to submit their votes electronically and can submit questions in advance of the AGM [7][8]. Shareholder Engagement - The Annual Shareholder Event is set for 15 July 2025, providing an opportunity for shareholders to engage with the Investment Manager and the Board [10][11]. - The event will be held online to ensure broader access for the shareholder base of over 12,000 [11].

Core Points - ProVen VCT plc announced its final results for the year ended 28 February 2025, with the results approved by the Board on 5 June 2025 [1] Fund Overview - The net asset value (NAV) per Ordinary Share decreased from 65.2p in 2024 to 62.9p in 2025, reflecting a year-on-year change of -3.5% [2] - Total dividends paid since launch increased from 84.25p in 2024 to 87.5p in 2025 [2] - The total return, which includes net asset value plus dividends paid since launch, rose slightly from 149.45p in 2024 to 150.4p in 2025 [2] - The year-on-year change in NAV per Ordinary Share, adjusted for dividends paid, was a decrease of 1.5% [2] - The dividend yield remained stable at 5.1% for both years [2] Dividends - The Board proposed a final dividend of 1.75p per share for the year ended 28 February 2025, subject to shareholder approval at the upcoming AGM [3] - Total tax-free dividends for the year amounted to 3.25p per share, representing a cash return of 5.1% based on the opening NAV per share at 1 March 2024 [4] Annual General Meeting (AGM) - The next AGM is scheduled for 15 July 2025 at the offices of Beringea LLP in London [5] - Shareholders can attend the AGM in person or via video conference, with remote attendees unable to vote or ask questions [6][7] - Shareholders are encouraged to submit questions in advance via email [8] Shareholder Event - The Annual Shareholder Event will be held online on the morning of the AGM, providing an opportunity for shareholders to engage with the Investment Manager and Board [9][10] - The event aims to ensure equal access for all shareholders, with registration available online [11]