23 Nov 2021 07:00
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM), CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL
23 November 2021
Honeycomb Investment Trust plc
Honeycomb Investment Trust plc (the "Company" or "Honeycomb") announces that the Investment Manager's monthly factsheet for 31 October 2021 is now available on its website at http://www.honeycombplc.com.
Net Asset Value per Share
The Company announces that its unaudited Net Asset Value ("NAV") per share as at 31 October 2021 on a cum-income basis was 1,025.3 pence, based on a NAV of £361.5 million, and on an ex-income basis was 1,017.8 pence, based on a NAV of £358.9 million. The NAVs have been calculated by Apex Fund Services (UK) Ltd.
Honeycomb Investment Trust plc delivered a NAV return of 0.68% for the month of October, or 8.0% annualised.
Net Investment Assets remained stable in the month (£589.2m in September, to £589.3m in October) as £14m of partial repayments in structured facilities were redeployed into drawdowns from existing facilities.
The underlying risk adjusted yield remained strong at 9.0% annualised for the month with credit metrics remaining positive.
The pipeline of investment opportunities remains robust, with a number of new transactions in exclusivity which are due to complete in Q4 2021 / Q1 2022.
For further information about this announcement please contact:
Pollen Street Capital - Investment Manager
Matthew Potter / Julian Dale: +44 (0)20 3728 6750
Liberum Capital Limited - Joint Broker
Chris Clarke: +44 (0)20 3100 2000
Cenkos Securities plc - Joint Broker
Justin Zawoda-Martin: +44 (0)20 7397 8900
Link Company Matters Limited - Corporate Secretary
hitcosec@linkgroup.co.uk