As at 31 March 2019, the net assets of the Company were £281.7 million, giving a Net Asset Value (NAV) per share of 381.01p. When taking into account the dividend of 3.58p per share paid on 31 January, this gives a decrease of 0.4% over the quarter. The portfolio has gained in value modestly, but this gain was completely offset by currency movements, with euro weakness against sterling being the principal factor. At 31 March 2019, the Company had net debt of £11.0 million. Outstanding undrawn commitments were £121.2 million, including £18.0m to funds where the investment period has expired. In line with the Company’s policy to pay dividends on a quarterly basis, a dividend of 3.65p per share was paid on 30 April 2019. A further dividend of 3.73p per share will be paid on 31 July 2019 to shareholders on the register on 5 July 2019 and an ex-dividend date of 4 July 2019.
Past performance is not a guide to future performance and the value of your investments can go down as well as up. You can read the full quarterly review of the trust by viewing the factsheet here.