30th April 22 - NAV £17.6128 Jun 2022 16:03
£10.90 share price a 38% discount to NAV £17.71
Highlights NAV per Share of 1,761p (31 January 2022: 1,690p), NAV per Share Total Return of 4.5% during the quarter; 27.9% during the last twelve months
Portfolio Return on a Local Currency Basis during the quarter of 2.0% (Sterling return: 5.2%); 30.2% during the last twelve months. Portfolio valued at £1,244m on 30 April 2022
Disciplined transaction activity: new Investments of £59.1m and Realisation Proceeds of £48.8m during the quarter, including 17 Full Exits executed at an average of 23% Uplift to Carrying Value and 2.7x Multiple to Cost First quarter dividend of 7p per share; progressive dividend policy maintained Revolving Credit Facility increased to €240m in May, and maturity extended to February 2026
Board strengthened further by the appointment of two additional Non-Executive Directors