Honeycomb Investment Trust PLC NAV and Monthly Update

TIDMHONY

RNS Number : 1869T

Honeycomb Investment Trust PLC

23 November 2021

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23 November 2021

Honeycomb Investment Trust plc

Honeycomb Investment Trust plc (the "Company" or "Honeycomb") announces that the Investment Manager's monthly factsheet for 31 October 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 October 2021 on a cum-income basis was 1,025.3 pence, based on a NAV of GBP361.5 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 Investment Trust plc delivered a NAV return of 0.68% for the month of October, or 8.0% annualised.

Net Investment Assets remained stable in the month (GBP589.2m in September, to GBP589.3m in October) as GBP14m of partial repayments in structured facilities were redeployed into drawdowns from existing facilities.

The underlying risk adjusted yield remained strong at 9.0% annualised for the month with credit metrics remaining positive.

The pipeline of investment opportunities remains robust, with a number of new transactions in exclusivity which are due to complete in Q4 2021 / Q1 2022.

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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