Investors

Perfomance highlights

For the six months to 30 September 2017

Good portfolio performance drove growth in net asset value

7.1%
Total return on opening NAV

£121m
Total return for the period

177.0p
Nav per share

  • Total return of £121m for the period ahead of the 8% to 10% per annum return target over the medium term.
  • Net asset value (“NAV”) of £1,817m at 30 September (March 2017: £1,735m).

Strong growth in income

£81m
Total income and non-income cash

  • Income growth driven by new investments made in the previous financial year.
  • Total income of £48m in the period. In addition, non-income cash of £33m was received.

Maintained an efficient balance sheet

Good level of liquidity for investment

£10m
Cash balances

£379m
Undrawn RCF balance

  •  Low level of cash held over the period.
  • Liquidity available from £500m revolving credit facility, including £200m accordion increase.

On track to deliver the dividend target for the year

3.925p
Interim dividend per share

  • Interim dividend of 3.925p per share will be distributed on 8 January 2018.
  • On track to deliver the total dividend target for FY18 of 7.85p per share, representing growth of 4% on FY17.
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