7th Nov 2013 11:11
LONDON (Alliance News) - HgCapital Trust PLC Thursday said it underperformed against its benchmark index in the year to October 31, with its 0.1% total return on diluted net asset value per share lagging behind the FTSE All-Share Index's 22.8%.
Its NAV per share, including 17.08 pence from ten months of net revenue, was 1,154.6p on October 31, based on total net assets of GBP431.0 million and 37.3 million shares in issue.
The shares were trading at a 3.9% discount to NAV per share on October 31, when the shares were quoted at 1,110.0 pence.
That said, the investment portfolio was not revalued to get the October 31 figures. Instead, the unaudited NAV on October 31 is based on the NAV of June 30, adjusted to take into account "purchases and realisations of investments, exchange rate movements, market prices (at bid) in respect of quoted investments, any dividends payable and expenses incurred during the period".
The trust gives investors access to a private equity portfolio that makes investments in private companies across the Healthcare, Industrials, Services and TMT sectors.
HgCapital shares were Thursday quoted at 1,110.00 pence, unchanged.
By Samuel Agini; [email protected]; @samuelagini
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