Hazel Renewable Energy VCT1's net asset value per ordinary share stood at 116.9p and the NAV per 'A' Share stood at 0.1p at the end of March, producing a combined total of 117.0p.
This represents a small decrease of 0.7p (0.6%) since 30 September 2015 and arises as a result of the VCT running costs exceeding income from the investment portfolio during the period when solar irradiation is at its lowest in the annual cycle.
The company says the total return stands 146.5p for a holding of one Ordinary Share and one 'A' Share, compared to the cost for subscribers in the original share offer, net of income tax relief, of 70.0p. This makes the Company, along with its sister company, the best performing new VCT or VCT share class launched since the 2008/9 tax year in terms of Total Return.
At 3:22pm: (LON:HR1O) Hazel Renewable Energy VCT 1 PLC share price was +0.5p at 111p