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: 020 7201 8989

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/.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
NAVGZGMZFMKGGZM