Net Asset Value(s)

RNS Number : 1764P

Triple Point Inc VCT - TPVE

15 February 2021

 

15 February 2021

Triple Point Income VCT plc

(the " Company ")

NET ASSET VALUES FOR THE QUARTER ENDED 31 DECEMBER 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 31 December 2020 was 83.26p per share.
• During the nine-month period to 31 December 2020 the C Share Class made a profit of 1.89p per share.
• 100% of the C Share Class investments are in the hydroelectric power sector, in line with the investment strategy.
• Total dividends paid to C Class Shareholders to date are equal to 73.50p per share. This includes a dividend of 3.50 pence per share, paid to C Class Shareholders on 30 June 2020.

D Share Class

• The NAV at 31 December 2020 was 59.11p per share.
• During the nine-month period to 31 December 2020 the D Share Class made a profit of 1.41p per share.
• 100% of the D Share investments are in the Hydroelectric Power sector, in line with the investment strategy.
• Total dividends paid to D Class Shareholders to date are equal to 70.00p per share. This includes a dividend of 5.00 pence per share, paid to D Class Shareholders on 30 June 2020.

E Share Class

• The NAV at 31 December 2020 was 95.30p per share.
• During the nine-month period to 31 December 2020 the E Share Class made a profit of 0.11p per share.
• Total dividends paid to E Class Shareholders to date are equal to 11.50p per share. This includes a dividend of 6.50 pence per share, paid to E Class Shareholders on 30 June 2020.
• The table below shows the E Share Class investment portfolio by sector at 31 December 2020:

Crematorium Management	1%
Vertical Growing	24%
Quoted Investments	2%
Hydroelectric Power	22%
SME Funding - Hydroelectric Power	13%
SME Funding - Other	10%
Electricity Generation - Other	28%

Net Assets at 31 December 2020:

	31 December 2020
	C Shares	D Shares	E Shares	Total
	£'000	£'000	£'000	£'000
VCT qualifying unquoted investments	11,253	10,035	19,446	40,734
VCT non-qualifying unquoted investments	72	-	6,300	6,372
VCT non-qualifying quoted investments	-	-	615	615
	11,325	10,035	26,361	47,721
Cash and cash equivalents	42	(376)	669	335
Total Investments	11,367	9,659	27,030	48,056
Other assets & liabilities	(177)	(1,617)	561	(1,233)
Net assets	11,190	8,042	27,591	46,823
Net asset value per share (p)	83.26	59.11	95.30

Net Assets at 31 March 2020:

	31 March 2020
	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/ .

 

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