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Murray Johnstone predicts VCT2 firms are tomorrow&#39s big cheeses

Murray Johnstone VCT2 has reached its investment target, with 11

investments completed during the year.

This means that 73 per cent of the portfolio, amounting to £24.2m, is

invested in qualifying investments at the year-end.

One-third of the initial investment cost has now been returned to

investors, with total dividends of 13.51p being returned on the initial

investment of 40p per share since launch.

VCT2 has invested £750,000 in Benlowe Group, a manufacturer of timber

window frames and staircases, and the same amount in CAC Tooling, a company

which manufactures tools for the plastic injection moulding industry.

Fund manager John Simpson says: “There have been encouraging signs that a

number of companies which VCT2 hyas invested in have performed very well in

the difficult economic conditions that have prevailed.

“A number of companies are pursuing acquisition strategies to achieve a

greater critical mass and British Creameries, Power Gems and Palgrave Brown

have all completed acquisitions since the publication of the interim

report.”

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