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: 020 7201 8989 |
| 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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