CR5 Core Vct V

    RNS Number : 6558H
  Core VCT V PLC
  06 November 2008
   

    Core VCT V plc (the 'Company')
Interim Management Statement
For the quarter ended 30 September 2008
    
 
    To the members of Core VCT V plc
    This interim management statement has been produced solely to provide additional information to shareholders as a body to meet the
relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules. It should not be relied upon by any other party or
for any other purpose.

    This interim management statement relates to the period from 1 July 2008 to 30 September 2008, and contains information that covers this
period, and up to the date of publication of this interim management statement, unless otherwise specified.

    PERFORMANCE - 30 September 2008
    
                                                                   At 30 Sep 2008       At 30 June 2008
                                                                     Ordinary                     Ordinary     
                                                                       Shares                        Shares    
                
    Net asset value per                                          88.93p                        88.51p       
share (excluding  
current year income)  
      
    Cumulative dividends                                        0.50p                          0.50p      
paid to date per share  
      
    Total return since                                            89.43p                        89.01p       
inception per share*  
      
    Share price                                                      89.0p                          89.5p    

    *NAV plus cumulative dividends paid to date
    
 
    DIVIDENDS
    No dividends were paid during the period. 

    NEW INVESTMENTS
    No new unlisted investments were made in the period. 

    SHARE CAPITAL
    The Company has not issued or bought back any shares during the period.
    
 
    OUTLOOK
    The Managers continue to exercise caution in completing new investments given the deteriorating economic outlook. This has resulted in
new investments being slower than otherwise might be the case. However the fund has a strong liquidity position which will be used to
acquire additional qualifying investments in the next 12-18 months as acquisition terms become more attractive. 
    In common with all Venture Capital Trusts, there is little if any available liquidity in trading in the Company's shares, and although
the Directors are able to buy back shares within certain constraints, this is intended for use only in exceptional circumstances.
Accordingly, those investors who seek to
realise value by selling their shares in the secondary market are likely to suffer a significant discount and potential loss of value. We
would strongly suggest that shareholders consider holding their shares with a view to benefiting from future realisations.

Other than as set out above, the Board is not aware of any significant events or transactions which have occurred between 30 September 2008
and the date of publication of this interim management statement which would have a material impact on the financial position of the
Company. 

    For further information, please contact:
Graeme McDonald, for Aberdeen Asset Managers Limited, Company Secretary on 0141 306 7121.

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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