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Pin to quick picksPuma Vct 13 Plc Regulatory News (PU13)

Share Price Information for Puma Vct 13 Plc (PU13)

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Puma VCT 13 is an Investment Trust

To produce regular tax-free income distributions from a portfolio of unquoted companies in the United Kingdom.

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Impact of COVID-19 Epidemic and National Shutdown

27 Mar 2020 12:03

RNS Number : 8992H
Puma VCT 13 PLC
27 March 2020
 

27 March 2020

 

 Puma VCT 13 plc ("the Company")

Impact of Covid-19 Epidemic and National Shutdown

 

The Company's Investment Manager has been maintaining close contact with investee companies within the portfolio and offering support and assistance to them in their responses to the national emergency. These companies have taken measures to preserve their stability. All are affected but are not to our knowledge in serious difficulties. They expect to recover when the economy re-opens.

 

The Company's portfolio of listed equities has suffered from recent stock market falls and is currently showing losses from the portfolio valuation as at 31 January 2020 which was the last date for which a net asset value per share of the Company was published. If sustained the losses arising from holdings of listed equities would reduce the net asset value of the Company by between 4 and 5 per cent. Given the high volatility experienced in markets, this impact is likely to vary considerably from day to day. It is too early to attempt to quantify the impact of the current economic situation on the valuation of holdings of private companies in the qualifying portfolio.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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