Net Asset Value(s)

RNS Number : 9203T

Triple Point Inc VCT - TPVE

23 July 2020

 

23 July 2020

Triple Point Income VCT plc

(the " Company ")

NET ASSET VALUES FOR THE QUARTER ENDED 30 JUNE 2020

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 NAV at 30 June 2020 was 83.13p per share.

· During the three-month period to 30 June 2020 the C Share Class made a profit of 1.76p per share.

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

· On 30 June 2020 a dividend of 3.50p per share was paid bringing total dividends to the C Class Shareholders to 73.50p per share.

· The table below shows the C Share Class investment portfolio by sector at 30 June 2020:

Hydroelectric Power

100%

D Share Class

· The NAV at 30 June 2020 was 58.03p per share.

· During the three-month period to 30 June 2020 the D Share Class made a profit of 0.57p per share.

· 100% of the D Share investments are in the Hydroelectric Power sector, in line with the investment strategy.

· On 30 June 2020 a dividend of 5.00p per share was paid bringing total dividends to the D Class Shareholders to 70.00p per share.

· The table below shows the D Share Class investment portfolio by sector at 30 June 2020:

Hydroelectric Power

100%

E Share Class

· The NAV at 30 June 2020 was 96.01p per share.

· During the three-month period to 30 June 2020 the E Share Class made a profit of 0.82p per share.

· On 30 June 2020 a dividend of 6.50p per share was paid bringing total dividends to the E Class Shareholders to 11.50p per share.

· The table below shows the E Share Class investment portfolio by sector at 30 June 2020:

Crematorium Management	1%
Vertical Growing	22%
Quoted Investments	10%
Hydroelectric Power	20%
SME Funding - Hydroelectric Power	12%
SME Funding - Other	9%
Electricity Generation - Other	26%

Net Assets at 30 June 2020:

	30-Jun-20
	C Shares	D Shares	E Shares	Total
	£'000	£'000	£'000	£'000
VCT qualifying unquoted investments	11,270	10,036	19,827	41,133
VCT non-qualifying unquoted investments	122	-	6,300	6,422
VCT non-qualifying quoted investments	-	-	541	541
	11,392	10,036	26,668	48,096
Cash and cash equivalents	85	28	628	741
Total Investments	11,477	10,064	27,296	48,837
Other assets & liabilities	(303)	(2,110)	502	(1,911)
Net assets	11,174	7,954	27,798	46,926
Net asset value per share (p)	83.13	58.03	96.01

Net Assets at 31 March 2020:

	31-Mar-20
	C Shares	D Shares	E Shares	Total
	£'000	£'000	£'000	£'000
VCT qualifying unquoted investments	11,279	10,036	19,829	41,144
VCT non-qualifying unquoted investments	223	110	6,359	6,692
VCT non-qualifying quoted investments	-	-	2,927	2,927
	11,502	10,146	29,115	50,763
Cash and cash equivalents	193	173	335	701
Total Investments	11,695	10,319	29,450	51,464
Other assets & liabilities	(289)	(1,760)	(8)	(2,057)
Net assets	11,406	8,559	29,442	49,407
Net asset value per share (p)	84.87	62.46	101.69

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
 

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

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

 

 

NAVDZGZNMFKGGZM