As at 30 June 2019 the net assets of the company were £286.9m, giving a NAV per share of 388.05p. Taking into account the quarterly dividend of 3.65p, paid on 30 April, the NAV total return for the quarter was 2.8%. This gives a NAV total return for the first half of the year of 2.4%. Since the quarter end there has been a further quarterly dividend of 3.73p paid on 31 July. The net debt of the company at 30 June was £18.5m giving gearing of 6%. Outstanding undrawn commitments were £111.9m, including £16.4m to funds where the investment period has expired. Sterling has been weak against all the major currencies over the period and exchange movements have contributed 1.9% to the NAV movement this quarter.
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.