TRIPLE POINT INCOME VCT PLC

Net Asset Value • Jul 20, 2016

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RNS Number : 7798E

Triple Point Income VCT PLC

20 July 2016

Triple Point Income VCT plc

20 July 2016

Interim Management Statement for the quarter ended 30 June 2016

Highlights

The Company

The Company's funds at 30 June 2016 were 96% invested in a portfolio of VCT qualifying and non-qualifying unquoted investments. It continues to meet the condition that 70% of funds must be invested in VCT qualifying investments within three years.

Ordinary Share Class

·      Net Asset Value ("NAV") has increased to 67.92p per share as a result of a profit for this quarter of 0.23p per share.

·      At 30 June 2016 the total paid by way of dividends to shareholders was 25.56p per share, bringing the total return to 93.48p per share. This compares to a weighted average subscription share price of 83.6p per share.

·      The Ordinary Share Class' unquoted investment portfolio by sector at 30 June 2016 is shown below:

Energy Generation - Other	32%
Hydro Electric Power	30%
Cinema Digitisation	27%
Crematorium Management	7%
SME Lending - Other	4%

A Share Class

·      Net Asset Value ("NAV") has increased to 41.51p per share as a result of a profit for this quarter of 0.23p per share.

·      At 30 June 2016 the total paid by way of dividends to shareholders was 56.20p per share, bringing the total return to 97.71p. This compares to a weighted average subscription share price of 86.4p per share.

·      The A Share Class' unquoted investment portfolio by sector at 30 June 2016 is shown below:

SME Lending - Other	55%
Landfill Gas	45%

C Share Class

·      Net Asset Value ("NAV") has increased to 105.72p per share as a result of a profit for this quarter of 0.69p per share.

·      On 8 July 2016, after the period end, the C Class Shareholders received their first dividend of 5p per share. This was paid to Shareholders on the register on 24 June 2016. 

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

·      The C Share Class' unquoted investment portfolio by sector at 30 June 2016 is shown below:

Hydro Electric Power	74%
SME Funding - Hydro Electric Power	26%

D Share Class

·      Net Asset Value ("NAV") has increased to 102.06p per share as a result of a profit for this quarter of 0.80p per share.

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

·      The D Share Class' unquoted investment portfolio by sector at 30 June 2016 is shown below:

Hydro Electric Power	85%
SME Funding - Hydro Electric Power	9%
SME Lending - Other	6%

Net Assets at 30 June 2016:

	30-Jun-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	1,582	950	4,280	2,953	9,765		1,586	950	4,377	2,953	9,866
	12,092	1,739	14,035	13,090	40,956	12,600	1,739	14,132	13,090	41,561
Cash and cash equivalents	775	77	419	332	1,603		326	78	246	382	1,032
Total Investments	12,867	1,816	14,454	13,422	42,559		12,926	1,817	14,378	13,472	42,593
Other assets & liabilities	352	314	-243	562	985		249	301	-260	403	693
Net assets	13,219	2,130	14,211	13,984	43,544		13,175	2,118	14,118	13,875	43,286
Net asset value per share	67.92	41.51	105.72	102.06	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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