Hardman & Co Research on Volta Finance (VTAS): FY’24 - another year of outperformance

Hardman & Co Research
Hardman & Co Research on Volta Finance (VTAS): FY’24 - another year of outperformance

11-Sep-2024 / 16:25 GMT/BST
The issuer is solely responsible for the content of this announcement.


Hardman & Co Research | Closed End Investments

Volta Finance Limited (VTAS) | FY’24: another year of outperformance

 

Volta’s monthly to its FY-end of July reported an NAV total return of 19.7% while annualised cash receipts are 22% of the July NAV, consistent with levels seen since mid’22. For 16 consecutive months, it has generated positive NAV returns. In this note, we detail the different elements that have driven this performance. We note both positive markets and incremental value added by the manager. To put Volta’s returns into perspective, YTD to end-July, there has been a +10.8% total NAV return, more than twice the level of high-yield debt markets (US and Europe), which returned ca.4.5%. The discount appears anomalous with such a performance.

 

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https://hardmanandco.com/research/corporate-research/volta-fy24-another-year-of-outperformance/

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1986311  11-Sep-2024 

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