Summary of the six-month period to 30 September 2021

 Net asset value (“NAV”) at 30 September 2021 of £943.6 million, up 36% from £693.8 million at 31 March 2021

• NAV per share at 30 September 2021 of 104.5p, up 2.0% from 102.5p at 31 March 2021
• Total NAV return: 4.7% in the six-month period and 7.1% p.a. since IPO
• Profit before tax of £23.0m in the period to 30 September 2021, up 34% (September 2020: £17.2 million)
• Interim Dividends: declared in the period of 2.81p per share, covered by earnings per share and cash from investments
• Target aggregate dividend: on track to deliver 5.62p per share for year ending 31 March 2022, in line with previous announcements on target dividend
• Investment cash flows from the portfolio during the period of £27.2 million were in line with expectations, providing cash cover of 1.2 times for interim dividends paid during the period
• Portfolio Valuation of £785 million at 30 September 2021, up 42% from £553 million at 31 March 2021
• New investments and commitments of £208 million in period. Since 30 September 2021, additional investments of £41 million
• Successful capital raising of £250 million in September 2021 with proceeds used to repay approximately £70 million of revolving credit facility (“RCF”) debt and to commit to new investments
• Admitted to the FTSE 250 index as the Company’s market capitalisation surpasses £1 billion, increasing marketability and liquidity for shareholders

Full RNS available here.