Triple Point Inc VCT - TPVE Net Asset Value(s) (1764P)
February 15 2021 - 12:21PM
UK Regulatory
TIDMTPVE TIDMTPVC TIDMTPVD
RNS Number : 1764P
Triple Point Inc VCT - TPVE
15 February 2021
15 February 2021
Triple Point Income VCT plc
(the " Company ")
NET ASSET VALUES FOR THE QUARTER ENDED 31 DECEMBER 2020
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 31 December 2020 was 83.26p per share.
-- During the nine-month period to 31 December 2020 the C Share Class made a profit of 1.89p per share.
-- 100% of the C Share Class investments are in the hydroelectric power sector, in line with the investment
strategy.
-- Total dividends paid to C Class Shareholders to date are equal to 73.50p per share. This includes a dividend of
3.50 pence per share, paid to C Class Shareholders on 30 June 2020.
D Share Class
-- The NAV at 31 December 2020 was 59.11p per share.
-- During the nine-month period to 31 December 2020 the D Share Class made a profit of 1.41p per share.
-- 100% of the D Share investments are in the Hydroelectric Power sector, in line with the investment strategy.
-- Total dividends paid to D Class Shareholders to date are equal to 70.00p per share. This includes a dividend of
5.00 pence per share, paid to D Class Shareholders on 30 June 2020.
E Share Class
-- The NAV at 31 December 2020 was 95.30p per share.
-- During the nine-month period to 31 December 2020 the E Share Class made a profit of 0.11p per share.
-- Total dividends paid to E Class Shareholders to date are equal to 11.50p per share. This includes a dividend of
6.50 pence per share, paid to E Class Shareholders on 30 June 2020.
-- The table below shows the E Share Class investment portfolio by sector at 31 December 2020:
Crematorium Management 1%
Vertical Growing 24%
Quoted Investments 2%
Hydroelectric Power 22%
SME Funding - Hydroelectric
Power 13%
SME Funding - Other 10%
Electricity Generation
- Other 28%
-----------------------------
Net Assets at 31 December 2020:
31 December 2020
C Shares D Shares E Shares Total
--------- --------- --------
GBP'000 GBP'000 GBP'000 GBP'000
VCT qualifying unquoted
investments 11,253 10,035 19,446 40,734
VCT non-qualifying
unquoted investments 72 - 6,300 6,372
VCT non-qualifying
quoted investments - - 615 615
--------- --------- ---------
11,325 10,035 26,361 47,721
--------- --------- ---------
Cash and cash equivalents 42 (376) 669 335
Total Investments 11,367 9,659 27,030 48,056
Other assets & liabilities (177) (1,617) 561 (1,233)
--------- --------- ---------
Net assets 11,190 8,042 27,591 46,823
--------- --------
Net asset value per
share (p) 83.26 59.11 95.30
--------- --------- --------- --------
Net Assets at 31 March 2020:
31 March 2020
C Shares D Shares E Shares Total
--------- --------- --------
GBP'000 GBP'000 GBP'000 GBP'000
VCT qualifying unquoted
investments 11,279 10,036 19,829 41,144
VCT non-qualifying
unquoted investments 223 110 6,359 6,692
VCT non-qualifying
quoted investments - - 2,927 2,927
--------- ---------
11,502 10,146 29,115 50,763
--------- --------- ---------
Cash and cash equivalents 193 173 335 701
---------
Total Investments 11,695 10,319 29,450 51,464
--------- --------- ---------
Other assets & liabilities (289) (1,760) (8) (2,057)
--------- --------- --------- --------
Net assets 11,406 8,559 29,442 49,407
--------- --------- --------- --------
Net asset value per
share (p) 84.87 62.46 101.69
--------- --------- --------- --------
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Triple Point Investment Management Tel: 020 7201 8989
LLP
(Investment Manager)
Ben Beaton
Belinda Thomas
The Company's LEI is 213800IXD8S5WY88L245.
Further information on the Company can be found on its website
https://www.triplepoint.co.uk/current-vcts/triple-point-income-vct-plc/s1238/
.
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