Honeycomb Investment Trust PLC NAV and Monthly Update August 2021 - Replacement (5872Q)
October 28 2021 - 5:42AM
UK Regulatory
TIDMHONY
RNS Number : 5872Q
Honeycomb Investment Trust PLC
28 October 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NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR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,
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The headline for the Honeycomb Investment Trust plc announcement
released on 29 September 2021 at 07:00 under RNS No. 2849N should
read "NAV and Monthly Update August 2021".
The announcement text is unchanged and is reproduced in full
below.
28 October 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
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END
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