Net Asset Value(s)

RNS Number : 6575C

Triple Point Inc VCT - TPVE

11 February 2020

 

11 February 2020

Triple Point Income VCT plc

(the "Company")

NET ASSET VALUES FOR THE QUARTER ENDED 31 DECEMBER 2019

The Company

The Company continues to meet all VCT qualifying conditions in respect of its portfolio of VCT unquoted qualifying investments and unquoted and quoted non-qualifying investments.

C Share Class

·      The Net Asset Value at 31 December 2019 was 112.08p per share.

·      During the 9-month period to 31 December 2019 the C Share Class made a profit of 3.50p per share.

·      100% of the C Share Class investments are in the hydroelectric power sector, in line with the investment strategy.

·      A Special dividend of 21.00p per share was paid on 19 December 2019 bringing the total dividends paid per share to date to 41.00p.

·      The table below shows the C Share Class investment portfolio by sector at 31 December 2019:

Hydroelectric Power	83%
SME Funding - Hydroelectric Power	17%

D Share Class

·      The Net Asset Value at 31 December 2019 was 114.00p per share.

·      During the 9-month period to 31 December 2019 the D Share Class made a profit of 1.66p per share.

·      100% of the D Share Class investments are in the hydroelectric power sector, in line with the investment strategy.

·      The table below shows the D Share Class investment portfolio by sector at 31 December 2019:

Hydroelectric Power

100%

E Share Class

·      The Net Asset Value at 31 December 2019 was 100.82p per share.

·      During the 9-month period to 31 December 2019 the E Share Class made a loss of 1.74p per share.

·      The table below shows the E Share Class investment portfolio by sector at 31 December 2019:

Crematorium Management	1%
Vertical Growing	17%
Quoted Investments	19%
Hydroelectric Power	10%
SME Funding - Hydroelectric Power	17%
SME Funding - Other	8%
Electricity Generation - Other	28%

Net Assets at 31 December 2019:

		30-Dec-19
		Unaudited
	C Shares	D Shares	E Shares	Total
	£'000	£'000	£'000	£'000
VCT qualifying unquoted investments	14,089	10,639	15,085	39,813
VCT non qualifying unquoted investments	262	159	7,854	8,275
VCT non qualifying quoted investments	-	-	5,232	5,232
	14,351	10,798	28,171	53,320
Cash and cash equivalents	750	4,477	847	6,074
Total Investments	15,101	15,275	29,018	59,394
Other assets & liabilities	(37)	344	168	475
Net assets	15,064	15,619	29,186	59,869
Net asset value per share (p)	112.08	114.00	100.82	n/a

Net Assets at 31 March 2019:

	31-Mar-19
	Audited
	C Shares	D Shares	E Shares	Total
	£'000	£'000	£'000	£'000
VCT qualifying unquoted investments	14,089	13,349	15,085	42,523
VCT non qualifying unquoted investments	3,326	1,386	3,802	8,514
VCT non qualifying quoted investments	-	-	5,901	5,901
	17,415	14,735	24,788	56,938
Cash and cash equivalents	759	719	4,710	6,188
Total Investments	18,174	15,454	29,498	63,126
Other assets & liabilities	(86)	623	193	730
Net assets	18,088	16,077	29,691	63,856
Net asset value per share (p)	134.58	117.34	102.56	n/a

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

Triple Point Investment Management LLP (Investment Manager)	Tel: [phone]
Ben Beaton Belinda Thomas Harry Penberthy

The Company's LEI is 213800IXD8S5WY88L245

Further information on the Company can be found on its website https://www.triplepoint.co.uk/current-vcts/triple-point-income-vct-plc/s1238/.

 

END

 

 

NAVGZGMZFMKGGZM