VPC Specialty Lending Invest. PLC Net Asset Value(s) (1300O)
28 Maggio 2020 - 8:00AM
UK Regulatory
TIDMVSL
RNS Number : 1300O
VPC Specialty Lending Invest. PLC
28 May 2020
28 May 2020
VPC Specialty Lending Investments PLC
( the " Company")
MONTHLY NET ASSET VALUE PER SHARE
Net Asset Value
The Company is pleased to provide its monthly net asset value
per share ("NAV") update.
As at 30 April 2020, the unaudited estimated NAV (Cum Income)
per Ordinary Share (ISIN GB00BVG6X439) was 89.70 pence.
This NAV has been calculated by Northern Trust Hedge Fund
Services LLC.
Performance
The Company also announces the cumulative NAV total return
performance as at 30 April 2020 as follows:
Monthly YTD ITD
Return Return Return
Ordinary Shares 0.91% -1.75% 25.80%
Monthly Investment Highlights and Factsheet
During the month of April 2020:
v The Company generated a total NAV return of 0.91% for April
2020. The revenue return was 0.85% and the capital return was 0.06%
for the month; and
v IFRS 9 reserves for expected credit losses (ECL) were flat on
the month (-0.01%) as credit continued to perform well despite the
continuing COVID-19 pandemic. The Company's ECL reserve as at 30
April 2020 represented 4.39% of the gross balance sheet
investments, which is up slightly from 4.33% as at 31 March 2020
driven primarily by a reduction in the gross exposure from proceeds
received during the month. The ECL reserve level is unrealised and
based on realised losses seen on similar asset classes during the
2008 Financial Crisis. The ECL is calculated based on loss given
default assumptions on our balance sheets deals and the modelling
reflects a 100% likelihood of a stress scenario. As of this release
we have had no defaults since the onset of the pandemic, and we
will continue to reassess the reserve each month based on the
underlying performance of the portfolio.
The Company's factsheet for April 2020 will shortly be available
on the Company's website: https://vpcspecialtylending.com/ .
Enquiries
For further information, please contact:
Victory Park Capital via Jefferies or Winterflood
Brendan Carroll (Senior Partner (below)
and Co-Founder) info@vpcspecialtylending.com
Gordon Watson (Partner)
Jefferies International Limited Tel: +44 20 7029 8000
Stuart Klein
Neil Winward
Gaudi Le Roux
Winterflood Securities Limited Tel: +44 20 3100 0000
Neil Morgan
Chris Mills
Link Company Matters Limited (Company Tel: +44 20 7954 9567
Secretary) Email: VPC@linkgroup.co.uk
About VPC Specialty Lending Investments PLC
VPC Specialty Lending Investments PLC (Company No. 9385218) is a
UK listed investment trust focused on asset-backed lending to
emerging and established businesses with the goal of building
long-term, sustainable income generation. The Company identifies
investment opportunities across various industries and geographies
to offer shareholders access to a diversified portfolio of
opportunistic credit investments originated by non-bank lenders
with a focus on the rapidly developing technology-enabled lending
sector.
This document is for information purposes only and is not an
offer to invest. All investments are subject to risk. Prospective
investors are advised to seek expert legal, financial, tax and
other professional advice before making any investment decision.
The value of investments may fluctuate. Results achieved in the
past are no guarantee of future results.
LEI: 549300UPEXC5DQB81P34
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Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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