IN BRIEF: VH Global Sustainable Energy asset value down but ups payout
1st Nov 2023 10:43
VH Global Sustainable Energy Opportunities PLC - London-based investor in energy infrastructure - Net asset value per share as at September 30 falls 4.1% to 105.72 pence from 110.21p at June 30. Says the fall in NAV is due to the increase in the 20-year US Treasury rate to 4.90% on September 30 from 4.07% on June 30. "This increase resulted in a direct rise in the discount rates used in the valuation of assets for the period, and a resulting downward move in net asset value per share," VH Global explains. Declares dividend of 1.38 pence per share, up 10% from 1.25p a year prior. Read More