TIDMTPVE TIDMTPVC TIDMTPVD
RNS Number : 8999G
Triple Point Inc VCT - TPVE
26 July 2019
LEI: 213800IXD8S5WY88L245
Triple Point Income VCT plc
26 July 2019
Interim Management Statement for the quarter ended 30 June
2019
Highlights
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 30 June 2019 was 137.44p per share.
-- During the three-month period to 30 June 2019 the C Share
Class made a profit of 2.86p per share. This includes a dividend
from one of its investments in the hydroelectric power sector for
GBP331,000, equivalent to 2.50p per share.
-- 100% of the C Share Class investments are in the
hydro-electric power sector, in line with the investment
strategy.
-- On 25 July 2019 a dividend of 5.00p per share was paid
bringing total dividends to the C Class Shareholders to 20.00p per
share.
-- The table below shows the C Share Class investment portfolio by sector at 30 June 2019:
Hydro Electric Power 83%
SME Funding - Hydro Electric
Power 17%
----
D Share Class
-- The NAV at 30 June 2019 was 118.07p per share.
-- During the three-month period to 30 June 2019 the D Share
Class made a profit of 0.73p per share.
-- 100% of the D Share investments are in the Hydro Electric
Power sector, in line with the investment strategy.
-- On 25 July 2019 a dividend of 5.00p per share was paid
bringing total dividends to the D Class Shareholders to 15.00p per
share.
-- The table below shows the D Share Class investment portfolio by sector at 30 June 2019:
Hydro Electric Power 92%
SME Funding - Hydro Electric
Power 8%
----
E Share Class
-- The NAV at 30 June 2019 was 98.95p per share.
-- During the three-month period to 30 June 2019 the E Share
Class made a loss of 3.71p per share. This
was predominantly due to the write down of its quoted investment
in Triple Point Social Housing REIT plc, valued using the share
price at 30 June 2019, which is currently trading at a discount to
NAV in line with other funds in the same sector. During the period
a dividend of 1.27p per share equivalent to GBP73,840 was received
from this investment in line with target.
-- The table below shows the E Share Class investment portfolio by sector at 30 June 2019:
Crematorium Management 1%
Vertical Growing 21%
----
Quoted Investments 20%
----
Hydro Electric Power 12%
----
SME Funding - Hydro Electric
Power 3%
----
SME Funding - Other 10%
----
Electricity Generation -
Other 33%
----
Net Assets at 30 June 2019:
30-Jun-19
Unaudited
C Shares D Shares E Shares Total
--------- --------- --------- --------
GBP'000 GBP'000 GBP'000 GBP'000
VCT qualifying unquoted investments 14,089 13,349 15,085 42,523
VCT non qualifying unquoted
investments 3,315 1,386 3,787 8,488
VCT non qualifying quoted
investments - - 4,803 4,803
--------- --------- ---------
17,404 14,735 23,675 55,814
--------- --------- ---------
Cash and cash equivalents 1,113 740 4,838 6,691
Total Investments 18,517 15,475 28,513 62,505
--------- --------- ---------
Other assets & liabilities (46) 702 105 761
--------- --------- ---------
Net assets 18,471 16,177 28,618 63,266
--------- --------- ---------
Net asset value per share
(p) 137.44 118.07 98.85 n/a
--------- --------- ---------
Net Assets at 31 March 2019:
31-Mar-19
Audited
C Shares D Shares E Shares Total
--------- --------- --------- --------
GBP'000 GBP'000 GBP'000 GBP'000
VCT qualifying unquoted investments 14,089 13,349 15,085 42,523
VCT non qualifying unquoted
investments 3,326 1,386 3,802 8,514
VCT non qualifying quoted
investments - - 5,901 5,901
--------- ---------
17,415 14,735 24,788 56,938
--------- --------- ---------
Cash and cash equivalents 759 719 4,710 6,188
---------
Total Investments 18,174 15,454 29,498 63,126
--------- --------- ---------
Other assets & liabilities (86) 623 193 730
--------- --------- --------- --------
Net assets 18,088 16,077 29,691 63,856
--------- --------- --------- --------
Net asset value per share
(p) 134.58 117.34 102.56 n/a
--------- --------- --------- --------
For further information, please contact Ben Beaton or Belinda
Thomas at Triple Point Investment Management LLP on 0207 201
8989.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
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END
MSCDMGZNMVKGLZM
(END) Dow Jones Newswires
July 26, 2019 07:55 ET (11:55 GMT)
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