Interim Management Statement
October 17 2008 - 4:53AM
UK Regulatory
Interim Management Statement
Downing Protected VCT IV plc
Interim Management Statement for the three months ended 31 August
2008
In accordance with Rule 4.3 of the Disclosure and Transparency Rules
of the UK Listing Authority, Downing Protected VCT IV plc presents an
Interim Management Statement for the three month period ended 31
August 2008. The statement also includes relevant financial
information between the end of the period and the date of this
statement.
Dividends paid or declared in the period
No dividends were paid or declared in the period.
Performance
31 Aug 31 May 30 Nov 31 May 30 Nov
2008 2008 2007 2007 2006
Pence Pence Pence Pence Pence
Net Asset Value ("NAV") 94.5 93.8 97.0 95.6 95.7
Cumulative Dividends 3.5 3.5 1.0 1.0 -
Total Return * 98.0 97.3 98.0 96.6 95.7
* (NAV plus cumulative dividends paid since
launch)
Investment portfolio summary at 31 August 2008
Valuation
movement
since
Cost Valuation 31 May 08
�'000 �'000 �'000
VCT qualifying investments
Cadbury House Limited 3,000 3,000 -
Heyford Contracting (South) Limited 1,650 1,650 -
Hoole Hall Country Club Ltd 1,625 1,625 -
Richstone Contracting Limited 1,592 1,592 -
The Really Fine Leisure Company 1,100 1,100 -
Limited
Heyford Contracting (North) Limited 1,038 1,038 -
Hoole Hall Spa and Leisure Club 1,000 1,000 -
Limited
Nu Nu plc 1,000 1,000 -
West Tower Holdings Limited 1,000 1,000 -
Future Films Production Services 825 825 -
Limited
Thames Club Limited 500 500 -
14,330 14,330 -
Non-qualifying investments
Hoole Hall Hotel Ltd 1,250 1,250 -
Aminghurst Limited 992 992 -
New Swan Holding Company Limited 750 750 -
Cymbal Contracting Limited 650 650 -
Bowman Care Homes Limited 600 600 -
Gatewales Limited 500 500 -
Vermont Development Ltd 967 500 -
Heyford Homes VCT Ltd 300 300 -
Sanguine Hospitality Ltd 243 243 -
Future Films Production Services 175 175 -
Limited
Coastal Partnerships Limited 75 75 -
6,502 6,035 -
20,832 20,365 -
Investment additions during the 3 months ended 31 August 2008
Cost
�'000
Future Films Production Services Limited 175
Thames Club Limited 500
675
Since 1 September 2008, the Company has made one further new
investment of �750,000 in West Tower Holdings Limited.
Investment disposals during the 3 months ended 31 August 2008
Market Gain/ Total
value at (loss) realised
1 June Disposal against gain/
Loan Stock Redemption Cost 2008 proceeds cost (loss)
�'000 �'000 �'000 �'000 �'000
Vermont Development Ltd 33 17 33 - 17
Since 1 September 2008, three investments have redeemed or partially
redeemed loan stock, repaying the Company at par as follows:
Gatewales Limited �500,000, Cymbal Contracting Limited �650,000, New
Swan Holding Company Limited �750,000 and Vermont Developments
Limited �62,500.
Changes to share capital
There have been no changes to the share capital during the period.
Material events
Other than described above, there were no material events during the
period from 1 June 2008 to 31 August 2008 or in the period from 1
September 2008 to the date of this announcement.
---END OF MESSAGE---
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
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