NAV and Monthly Update August 2021 - Replacement
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The headline for the Honeycomb Investment Trust plc announcement released on 29 September 2021 at 07:00 under RNS No. 2849N should read "NAV and Monthly Update August 2021".
The announcement text is unchanged and is reproduced in full below.
28 October 2021
Honeycomb Investment Trust plc
Honeycomb Investment Trust plc (the "Company" or "Honeycomb") announces that the Investment Manager's monthly factsheet for 31 August 2021 is now available on its website at http://www.honeycombplc.com .
Net Asset Value per Share
The Company announces that its unaudited Net Asset Value ("NAV") per share as at 31 August 2021 on a cum-income basis was 1,031.6 pence, based on a NAV of £363.7 million, and on an ex-income basis was 1,017.8 pence, based on a NAV of £358.9 million. The NAVs have been calculated by Apex Fund Services (UK) Ltd.
Honeycomb delivered a NAV return of 0.71% for the month of August, or 8.4% annualised.
NAV return was driven by risk adjusted returns on underlying Credit Assets of 9.03%. Investment Assets remained relatively flat in the month, totalling £619.5m at the end of August from £620.0m at end July.
Our pipeline of European credit opportunities is currently at c.£850m, enabling a high degree of selectivity when progressing deals to execution. The pipeline includes a number of transactions expected to complete by the end of the quarter.
For further information about this announcement please contact:
Pollen Street Capital - Investment Manager
Matthew Potter / Julian Dale: +44 (0)20 3728 6750
Liberum Capital Limited - Joint Broker
Chris Clarke: +44 (0)20 3100 2000
Cenkos Securities plc - Joint Broker
Justin Zawoda-Martin: +44 (0)20 7397 8900
Link Company Matters Limited - Corporate Secretary
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