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:
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| 30-Jun-20 | |||
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| 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 |
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| 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 |
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Net Assets at 31 March 2020:
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| 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 |
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| 11,502 | 10,146 | 29,115 | 50,763 |
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| 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 |
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FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
| Triple Point Investment Management LLP (Investment Manager) | Tel: 020 7201 8989 |
| Ben Beaton |
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| Belinda Thomas |
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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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