DPV9 Down. Plan 9

 
TIDMDPV9 
 
Downing Protected VCT IX plc 
Interim Management Statement 
for the quarter ended 31 March 2009 
 
In accordance with Rule 4.3 of the Disclosure and Transparency  Rules 
of the UK Listing Authority, Downing Protected VCT IX plc presents an 
Interim Management Statement  for the quarter  ended 31 March  2009. 
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 
On 29 April 2009, the Company  declared a final dividend of 2.5p  per 
Ordinary Share (1.0p revenue,  1.5p capital) to  be paid, subject  to 
shareholder approval, on 5 June 2009. 
 
Performance 
 
                                                 31 Mar 31 Dec 30 Jun 
                                                   2009   2008   2008 
                                                  Pence  Pence  Pence 
Net Asset Value per Ordinary Share                 94.6   93.8   94.4 
Net Asset Value per 'A' Share                       0.1    0.1    0.1 
Net asset value per Ordinary Share and 'A' Share   94.7   93.9   94.5 
 
 
Investment portfolio summary at 31 March 2009 
Portfolio investments by value 
 
                                                             Movement 
                                         Cost   Valuation   in period 
                                        GBP'000       GBP'000       GBP'000 
Qualifying venture capital investments 
West Tower Holdings Limited             1,150       1,000           - 
Crossco (1135) Limited                    998         998           - 
Thames Club Limited                       968         968           - 
Horsham Bowl Limited                      880         880           - 
Hoole Hall Country Club Holdings 
Limited                                   750         750           - 
Hoole Hall Spa and Leisure Club Limited   562         562           - 
                                        5,308       5,158           - 
Non qualifying venture capital 
investments 
Pocket Living (Bath Road) Limited         996         996           - 
Bowman Care Homes Limited                 600         600           - 
Kings Gap Limited                         400         400           - 
Hoole Hall Country Club Holdings 
Limited                                   344         344           - 
Sanguine Hospitality Limited              250         250           - 
Downing Acquisitions 1 Limited            187         187           - 
                                        2,777       2,777           - 
 
Total                                   8,085       7,935           - 
 
 
Investment additions and disposals 
 
 
Investment additions during the 3 months ended 31 March 2009  Cost 
                                                             GBP'000 
Crossco (1135) Limited                                         998 
Downing Acquisitions 1 Limited                                 187 
Hoole Hall Country Club Holdings Limited                       344 
Horsham Bowl Limited                                           880 
Pocket Living (Bath Road) Limited                              100 
West Tower Holdings Limited                                    150 
                                                             2,659 
 
 
There were no investment disposals during the period from 1 January 
2009 to 31 March 2009. 
 
Investment disposals during the period from 1 April 2009 to the date 
of this announcement are as follows: 
 
 
                             Market 
                           value at           Gain/(loss)       Total 
                          1 January  Disposal     against    realised 
                     Cost     2009*  proceeds        cost gain/(loss) 
Loan stock          GBP'000     GBP'000     GBP'000       GBP'000       GBP'000 
redemptions: 
Horsham Bowl 
Limited                 9         9         9           -           - 
Pocket Living (Bath 
Road) Limited          50        50        50           -           - 
                       59        59        59 
 
 
* Adjusted for purchases in the period where applicable 
 
 
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 January 2009 to 31  March 2009 or in the period from  1 
April 2009 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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