TRIPLE POINT INCOME VCT PLC

Net Asset Value • Feb 9, 2017

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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 Power                             32%

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 Power                            85%

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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