16 March 2023
Triple Point Income VCT plc
(the "Company")
NET ASSET VALUES FOR THE QUARTER ENDED 31 December 2022
The Company
The Company continues to meet all VCT qualifying conditions in respect of its portfolio of VCT unquoted qualifying investments and unquoted non-qualifying investments.
During the quarter the C and D shareholders fully exited and their shares were cancelled. The Company now has one share class, the E share class.
E Share Class
· The net asset value ("NAV") at 31 Dec 2022 was 69.63p per share.
· At 31 Dec 2022 the total shareholder return for the E Share Class was 114.13p per share, which included the NAV and dividends paid of 44.50p.
· The earnings per share for the nine months ended 31 Dec 2022 was 4.88p per share.
· During the quarter the Company completed on the sale of its gas fired energy holding in the E share class for total consideration of £2,634k. These proceeds were used to pay dividends of 4.76p per share in October and 7.24p per share in November 2022.
· The table below shows the E Share Class investment portfolio by sector on 31 Dec 2022:
| Vertical Growing | 36% |
| Hydroelectric Power | 3% |
| SME Funding - Vertical Growing | 25% |
| Solar | 36% |
Net Assets at 31 December 2022:
| |
|
| | Company (E Shares) |
| | £'000 |
| VCT qualifying unquoted investments | 14,051 |
| VCT non-qualifying unquoted investments | 4,694* |
| VCT non-qualifying quoted investments | - |
| | 18,745 |
| |
|
| Cash and cash equivalents | 725 |
| Total Investments | 19,470 |
| Other assets & liabilities | 681 |
| Net assets | 20,151 |
| Net asset value per share (p) | 69.63p |
Net Assets at 30 September 2022:
| |
|
| | E Shares |
| | £'000 |
| VCT qualifying unquoted investments | 16,806 |
| VCT non-qualifying unquoted investments | 4,694* |
| VCT non-qualifying quoted investments | - |
| | 21,500 |
| |
|
| Cash and cash equivalents | 1,593 |
| Total Investments | 23,093 |
| Other assets & liabilities | 502 |
| Net assets | 23,595 |
| Net asset value per share (p) | 81.53p |
* The Company continues to be qualifying due to the 12-month disregard period which applies to qualifying investments that have been sold.
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
| Triple Point Investment Management LLP (Investment Manager) | Tel: 020 7201 8989 |
|
Jonathan Parr Belinda Thomas Henry Sumner
| |
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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