ICG Enterprise Trust ups dividend target as NAV rises in third quarter
ICG Enterprise Trust PLC on Friday increased its dividend guidance as it posted a higher net asset value at the end of the third quarter.
The investor in private companies, primarily in Europe and the US, said NAV per share increased 2.0% to 2,080 pence at the end of October from 2,040p at the end of the second quarter on July 31.
The firm posted a NAV per share total return of 2.4% for the quarter, compared to 6.6% for the FTSE all-share index.
ICG Enterprise Trust reported £82 million in total proceeds from realisations in the quarter, with £25 million in total new investments, bringing new investments in the year-to-date to £138 million.
The trust declared a third quarter dividend of 9p per share and increased its financial year dividend guidance to 39p per share, compared to 36p in financial 2025.
The board reconfirmed that its long-term share buyback programme is intended to operate at any discount to NAV.
The firm said it has ‘strong momentum’ into the fourth quarter, with £75 million total proceeds, £43 million total new investments and £76 million new fund commitments.
Shares in ICG Enterprise Trust were up 0.5% at 1,531.00p on Friday morning in London.
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