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/.
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