31st Oct 2013 11:58
LONDON (Alliance News) - HgCapital Trust PLC Thursday said it has realised GBP13.1 million in cash from its manager's sale of its clients' investment in Epyx to Fleetcor LLC, an uplift of GBP1.7 million.
HgCapital trust said the GBP1.7 million uplift was in relation to the GBP11.4 million carrying value in its net asset value on September 30.
The trust said it expects its NAV to increase to GBP430.1 million, or 1,152.2 pence per share, as a result of the uplift, while liquid resources are expected to increase to GBP134.4 million.
Its NAV per share was 1,147.8p on September 30, on total net assets of GBP428.4m.
Epyx made up 2.7% of its net assets on September 30.
HgCapital Trust shares were Thursday quoted at 1,115.17 pence, down 0.4%.
By Samuel Agini; [email protected]; @samuelagini
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