The Chrysalis VCT Annual General Meeting (AGM) was held this morning in London in Downing’s office to the rear of Buckingham Palace. There were in fact two meetings – the AGM itself at 10.00 am and a General Meeting to approve the SRRP at 10.30 - see below for explanation of that. Chrysalis has been one of the most successful VCTs in recent years in terms of asset performance after an initial shaky start. They then fired the fund manager and subsequently became “self managed” unlike most VCTs. This helps them to minimise management costs. Fund performance last year (for the year ending October 2012) in terms of “total return” was a rise of 3.3% which is not particularly outstanding but they have raised the dividend 5p from 4p –
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