Downing THREE VCT plc
C Share dividend declaration
9 February 2015
The Board of Downing THREE VCT plc announces the declaration of a dividend of 50p per C Share to be paid on 20 March 2015 to C Shareholders on the register at 27 February 2015.
Based on the latest published results, the remaining net asset value ("NAV") after this dividend will be 42.8p per C Share. Assuming that the Company exits from the remaining investments at close to book value, it is estimated that a performance fee to the management team will become payable, equivalent to 7p per C Share. After providing for this, the unaudited net total return (NAV plus dividends paid) to C Shareholders is estimated to be 110.9p.