Pembroke VCT

[scotia]

Its a pity Pembroke didn't carry out the buy-back before 5th April - then I could have transferred the cash into my tax year 22/23 ISA.

I'm glad they didn't as 5th April was exactly 6 months after the first allotment date of last years offer so I would not have been able to sell my older holding.

OK - so there was method in their choice of date.
I received an email from Hargreaves Lansdown this morning at 8:35am indicating that my shares had been sold in the buy back at 8:32am. The share price was 112.36p, and the Settlement Date is 19/4/23.

[SpinDoctor]

Likewise. Sold some in the buyback. 112.36p = 5.5% discount to 31/12/22 NAV. That's fine.
I like the team and their investment niche.
I continue to hold some, but needed to free some cash.

[scotia]

Pembroke VCT
Shares purchased 5/4/2017. Assume 30% tax rebate received one month later. 9 dividends received at notified dates.
Shares sold in buy-back on 14/4/2023
Putting all of this together in a spreadsheet, I get an XIRR= 11.8%.
If there had been no initial tax rebate, the XIRR = 4.7%
A reasonably good return. I bought them as a diversification from the usual big name VCTs - although I feared that the companies they invested in were "frothy", and their products had little appeal for us ancients. However the VCT management seems to have been on the ball in their selections.