Honeycomb Investment Trust PLC NAV and Monthly Update September 2021 (2849N)

TIDMHONY

RNS Number : 2849N

Honeycomb Investment Trust PLC

29 September 2021

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM), CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

29 September 2021

Honeycomb Investment Trust plc

Honeycomb Investment Trust plc (the "Company" or "Honeycomb") announces that the Investment Manager's monthly factsheet for 31 August 2021 is now available on its website at http://www.honeycombplc.com .

Net Asset Value per Share

The Company announces that its unaudited Net Asset Value ("NAV") per share as at 31 August 2021 on a cum-income basis was 1,031.6 pence, based on a NAV of GBP363.7 million, and on an ex-income basis was 1,017.8 pence, based on a NAV of GBP358.9 million. The NAVs have been calculated by Apex Fund Services (UK) Ltd.

Honeycomb delivered a NAV return of 0.71% for the month of August, or 8.4% annualised.

NAV return was driven by risk adjusted returns on underlying Credit Assets of 9.03%. Investment Assets remained relatively flat in the month, totalling GBP619.5m at the end of August from GBP620.0m at end July.

Our pipeline of European credit opportunities is currently at c.GBP850m, enabling a high degree of selectivity when progressing deals to execution. The pipeline includes a number of transactions expected to complete by the end of the quarter.

For further information about this announcement please contact:

Pollen Street Capital - Investment Manager

Matthew Potter / Julian Dale: +44 (0)20 3728 6750

Liberum Capital Limited - Joint Broker

Chris Clarke: +44 (0)20 3100 2000

Cenkos Securities plc - Joint Broker

Justin Zawoda-Martin: +44 (0)20 7397 8900

Link Company Matters Limited - Corporate Secretary

hitcosec@linkgroup.co.uk

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NAVBLGDCUXDDGBI

(END) Dow Jones Newswires

September 29, 2021 02:00 ET (06:00 GMT)

Honeycomb Investment (LSE:HONY)
Historical Stock Chart
From Jun 2024 to Jul 2024