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Downing Four DP67 (Ordinary Share) D467

VCT Generalist

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Estimated NAV

49.00

Share Price

N/A

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
Downing Four DP67 (Ordinary Share) Price -25.84%
Downing Four DP67 (Ordinary Share) NAV 7.34%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 15.5 -68.2% 49.00 69.00
30 Sep
100%

Discrete performance % over

Fund / BenchmarkQ1Q2Q3Q4
Downing Four DP67 (Ordinary Share) Price-6.000.00-21.100.00
Downing Four DP67 (Ordinary Share) NAV0.007.240.090.00

Discrete performance over

Discrete Performance

Top 10 Holdings

Cadbury House Holdings Limited 29.25%
Fenkle Street LLP 21.91%
Gatewaleslimited 20.36%
Oak Grove Renewables Limited 18.34%
Snow Hill Developements LLP 14.69%
Yamuna Energy Limited 7.25%
Brownfields Limited 5.44%
London and City Shopping Centre Limited 1.80%

Sectors weighting

Venture Capital 57.10%
Unlisted Equities 22.20%
Net Current Assets 20.70%
  • Investment trust info:

  • Sector VCT Generalist
  • Launch Date 17 Apr 2007
  • Currency GBX
  • Domicile UK
  • Share Price N/A
  • Share Type Ordinary Share
  • TIDM D467
  • ISIN GB00BWX53D91
  • Shares Issued (M) 11
  • Market Capital (£M) 1.74
  • Gross Assets (£M) 5.46
  • Net Assets (£M) 5.46
  • TER (%) 2.24
  • Last AGM 22 Sep 2017
  • Next AGM 22 Sep 2018
  • Last Annual Report Date 05 Sep 2017
  • Next due Report Date 31 Mar 2018
  • Next due Report Type A/R
  • Objective:

  • To invest in UK trading companies which own substantial assets such as pubs, children's nurseries, health clubs, stock or work-in-progress to achieve a tax-free return to shareholders.
  • Management Group(s):

  • Downing Corporate Finance
  • Downing Corporate Finance
  • Downing LLP
  • Managed by:

  • Collin Corbally Start: 17 Apr 2007
  • David Megginson Start: 17 Apr 2007
  • Nicholas Lewis Start: 17 Apr 2007
  • Management Contract & Fees:

    The Investment manager receives fees equivalent to 1.35% of net assets p.a. (based on the half-year and annual accounts). Additionally, the Investment manager provides administration services to the Company for a fee of £40,000 (plus RPI) per annum. The agreement is for a minimum term of three years with a twelve-month notice period on either side at any time after two years following the commencement of the agreement. No Performance Incentive will be payable until Shareholders receive Shareholder Proceeds of at least 100p per Share and achieve a tax-free Compound Return of at least 7% p.a. The maximum Performance Incentive is limited to an amount equivalent to 1.25% of Net Assets per annum (the Cap). If, in any accounting period of the relevant Company, the Performance Incentive payable is less than the Cap then the shortfall shall be aggregated to the Cap in respect of the following accounting period and so on until fully utilised. For each £1 subscription for Shares, an Investor receives one Ordinary Share and one A Share at the following Offer Price: 99.9p for each Ordinary Share and 0.1p for each A Share. The holders of A Shares will be entitled to distributions equivalent to three times the Performance Incentive. Two-thirds of the distributions in respect of the A Shares will be allocated to Shareholders and one-third to Management. The annual running costs of the Company for the year are subject to a cap of 2.9% of net assets of the Company plus cumulative distributions.

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