15th Nov 2019 12:14
(Alliance News) - RiverFort Global Opportunities PLC said Friday it has had a busy third quarter as it reported growth in net asset value.
The funding solutions provider said for the third quarter to September 30 it has generated GBP252,000 total investment income, making a total of GBP919,000 for the first nine months of 2019.
RiverFort's net asset value per share rose 2.6% to GBP7.9 million from GBP7.7 million in June.
The company said it has GBP2.2 million of cash available for further investment.
RiverFort said despite "increasing net asset value and generating a significant level of investment income", its shares continue to trade at a very substantial discount to net asset value.
"The board is working on ways to enhance returns to shareholders that will, most likely, include the payment of a dividend which, we believe, will hep reduce trading discount to net asset value,"
the company said.
RiverFort shares were up 3.6% in London at 0.078 pence each on Friday at midday.
By Loreta Juodagalvyte; [email protected]
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