IN BRIEF: Marble Point Loan Financing ups NAV and investment income
8th Apr 2022 18:05
Marble Point Loan Financing Ltd - Guernsey-based closed-ended investment company - Net asset value per share at December 31 stands at USD0.76, up 7.0% from USD0.71 at the same time the previous year. NAV return stands at 19% for 2021, up from 0.92% in 2020. Net investment income in 2021 more than doubles to USD1.4 million from USD543,160 the previous year. Company says it is "encouraged" by the progress in its investment portfolio despite an "uneven" recovery due to pandemic conditions. Adds that loan and collateralized loan obligations saw momentum during 2021. Pays a 2021 dividend of USD0.0825, up 27% from 2020 and its highest annual dividend payout. Read More