Adviser
Access all your information using the Adviser Hub.
Sign in to our Adviser Hub
You may now access details of your shareholding online by using the Hub.
Please contact our registrars if you need assistance at registrars@city.uk.com
The Adviser Hub
View shareholdings and indicative valuations
View your transaction history, share certificate details and dividend information
Find answers to FAQs
£216m
Fund size as at 31 March 2023
145.2p
Total Return as at 30 June2023
Fees
We do not charge arrangement fees, exit fees or directorship fees; to either the fund or to the portfolio companies.
We charge the portfolio companies a support fee on investments of £1m or more. This is capped at £30,000/year for three years.
A 20% performance fee is based on realised gains from exits and not on our valuations during the investment hold period. This means a performance fee can only be paid if there is a profitable exit. This directly aligns the investment manager with the shareholders’ interests.
Buybacks
Our buyback policy is at a 5% discount to NAV.
The Board reviews buybacks on a half-yearly basis.
Dividends
Tax-free dividends
We target an annual 5p per share dividend (increased in 2022 from 3p per share)
Special dividends are paid on exits
7.0p per share paid in FY22 & 5.0p per share paid in FY23
2.5p per share paid in May 2023 and a further 2.5p annouced in August 2023
The flexible dividend reinvestment scheme allows shareholders to choose cash or to re-invest; for each dividend.
Dividend Announcement
Target annual dividend: 5.0 pence per share (increased from 3.0 pence per share in 2022). Special dividends payable after exits.
Total Return per share as at 30 June 2023
Investment value held in companies with >£50m EV
Prospectus 2023-24
08.09.2023
Offer for Subscription for up to £40 million of B Ordinary Shares with an over-allotment facility for up to a further £20 million of B Ordinary Shares
KID for Current Offer 2023/24
04.09.2023
Key Information Document for Offer for Subscription for up to £40 million of B Ordinary Shares with an over-allotment facility for up to a further £20 million of B Ordinary Shares
September Newsletter 2023
25.09.2023
Read the latest news from Pembroke VCT and its portfolio companies.
Pembroke VCT Annual Report & Accounts 31 March 2023
29.06.2023
This document presents the annual report for the period ended 31 March 2023.
