This is a brief report of the Northern 2 VCT which I attended on the 30th July because I left after 30 minutes because I had a doctors appointment elsewhere. There were about a dozen shareholders present which for a hot day in July is perhaps as good as could be expected. Northern 2 VCT is one of the better performing VCTs in that it at least has given a total return of 3.7% per annum according to Allenbridge, i.e. it has preserved capital in real terms, while paying out dividends tax free and does not just rely on the initial tax relief for new investments to seduce investors to buy the shares. Total return last year was 10.1% and they expect to continue to pay a dividend of 5.5p
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