Honeycomb Investment Trust PLC Monthly Update - February 2022 (3280F)
March 21 2022 - 3:00AM
UK Regulatory
TIDMHONY
RNS Number : 3280F
Honeycomb Investment Trust PLC
21 March 2022
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, ANY MEMBER STATE OF THE
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21 March 2022
Honeycomb Investment Trust plc
Honeycomb Investment Trust plc (the "Company" or "Honeycomb")
announces that the Investment Manager's monthly factsheet for 28
February 2022 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 28 February 2022 on a cum-income basis was 1,032.2
pence, based on a NAV of GBP363.9 million, and on an ex-income
basis was 1,019.1 pence, based on a NAV of GBP359.3 million. The
NAVs have been calculated by Apex Fund Services (UK) Ltd.
Honeycomb delivered a NAV return of 0.59% for the month, which
is equivalent to 7.7% per annum.
NAV return was driven by strong risk adjusted yield of 9.1% with
no impairment charge in the month due to the continued strength in
performance of the portfolio. In line with previous years, the
result was impacted slightly by February being a short month, with
interest accruing on a day count basis on the majority of
underlying investments.
Net Investment Assets were stable in the month (GBP579m in
January, to GBP580m in February).
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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