Triple Point Inc VCT - Interim Management Statement

Triple Point Income VCT

09/02/2017 12:37

RNS Number : 4704W

Triple Point Income VCT PLC

09 February 2017

Triple Point Income VCT plc

9 February 2017

Legal Entity Identifier: 213800IXD8S5WY88L245

Interim Management Statement for the quarter ended 31 December 2016

Highlights

The Company

The Company's funds at 31 December 2016 were 97% invested in a portfolio of VCT qualifying and non-qualifying unquoted investments. It continues to meet the condition that 70% of relevant funds must be invested in VCT qualifying investments.

Ordinary Share Class

 Net Asset Value ("NAV") has increased to 68.27p per share as a result of a profit for this quarter of 0.14p per share.

 At 31 December 2016 the total paid by way of dividends to shareholders was 25.56p per share, bringing the total return to 93.83p per share. This compares to a weighted average subscription share price of 83.6p per share.

 Shown below is a breakdown of the Ordinary Share Class's total unquoted investment portfolio by sector at 31 December 2016:

Cinema Digitisation  27%

Crematorium Management   6%

Hydro Electric Power32%

Electricity Generation - other  31%

SME Funding - other  4%

A Share Class

 Net Asset Value ("NAV") has increased to 42.13p per share as a result of a profit for this quarter of 0.34p per share.

 At 31 December 2016 the total paid by way of dividends to shareholders was 56.20p per share, bringing the total return to 98.33p. This compares to a weighted average subscription share price of 86.4p per share.

 Shown below is a breakdown of the A Share Class's total unquoted investment portfolio by sector at 31 December 2016:

Landfill Gas   45%

SME Funding - other  55%

C Share Class

 Net Asset Value ("NAV") has increased to 102.05p per share as a result of a profit for this quarter of 0.68p per share.

 At 31 December 2016 the total paid by way of dividends to shareholders was 5p per share, bringing the total return to 107.05p per share.

 100% of the VCT qualifying investments are in the Hydro Electric Power sector.

 Shown below is a breakdown of the C Share Class's total unquoted investment portfolio by sector at 31 December 2016:

Hydro Electric Power  76%

SME Funding - hydro electric power 24%

D Share Class

 Net Asset Value ("NAV") has increased to 104.04p per share as a result of a profit for this quarter of 0.96p per share.

 94% of the VCT qualifying investments are in the Hydro Electric Power sector.

 Shown below is a breakdown the D Share Class's total unquoted investment portfolio by sector at 31 December 2016:

Hydro Electric Power85%

SME Funding - hydro electric power 9%

SME Funding - other 6%

Net Assets at 31 December 2016:

31-Dec-16
31-Mar-16
Unaudited
Audited
Ord. Shares
A Shares
C Shares
D Shares
Total
Ord. Shares
A Shares
C Shares
D Shares
Total
'000
'000
'000
'000
'000
'000
'000
'000
'000
'000
VCT qualifying unquoted investments
10,510
789
9,755
10,137
31,191
11,014
789
9,755
10,137
31,695
VCT non qualifying unquoted investments
1,721
950
3,903
2,953
9,527
1,586
950
4,377
2,953
9,866
12,231
1,739
13,658
13,090
40,718
12,600
1,739
14,132
13,090
41,561
Cash and cash equivalents
738
124
149
305
1,316
326
78
246
382
1,032
Total Investments
12,969
1,863
13,807
13,395
42,034
12,926
1,817
14,378
13,472
42,593
Other assets & liabilities
318
299
(90)
859
1,386
249
301
(260)
403
693
Net assets
13,287
2,162
13,717
14,254
43,420
13,175
2,118
14,118
13,875
43,286
Net asset value per share (p)
68.27
42.13
102.05
104.04
n/a
67.69
41.28
105.03
101.26
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 company news service from the London Stock Exchange

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