Monthly Update - February 2022
21/03/2022 07:00
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RNS Number : 3280F Honeycomb Investment Trust PLC 21 March 2022
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21 March 2022
Honeycomb Investment Trust plc
Honeycomb Investment Trust plc (the "Company" or "Honeycomb") announces that
the Investment Manager's monthly factsheet for 28 February 2022 is now
available on its website at http://www.honeycombplc.com
(http://www.honeycombplc.com/documents/) .
Net Asset Value per Share
The Company announces that its unaudited Net Asset Value ("NAV") per share as
at 28 February 2022 on a cum-income basis was 1,032.2 pence, based on a NAV of
£363.9 million, and on an ex-income basis was 1,019.1 pence, based on a NAV
of £359.3 million. The NAVs have been calculated by Apex Fund Services (UK)
Ltd.
Honeycomb delivered a NAV return of 0.59% for the month, which is equivalent
to 7.7% per annum.
NAV return was driven by strong risk adjusted yield of 9.1% with no impairment
charge in the month due to the continued strength in performance of the
portfolio. In line with previous years, the result was impacted slightly by
February being a short month, with interest accruing on a day count basis on
the majority of underlying investments.
Net Investment Assets were stable in the month (£579m in January, to £580m
in February).
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 (mailto:hitcosec@linkgroup.co.uk)
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