HONY Honeycomb Investment Trust Plc

TIDMHONY

RNS Number : 3283Y

Honeycomb Investment Trust PLC

06 September 2022

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM), CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

06 September 2022

Honeycomb Investment Trust plc

Honeycomb Investment Trust plc (the "Company" or "Honeycomb") announces that the Investment Manager's monthly factsheet for 31 July 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 31 July 2022 on a cum-income basis was 1,026.4 pence, based on a NAV of GBP356.5 million, and on an ex-income basis was 1,019.3 pence, based on a NAV of GBP354.1 million. The NAVs have been calculated by Apex Fund Services (UK) Ltd.

Honeycomb delivered a NAV return of 0.66% for the month, which is equivalent to 7.7% per annum. NAV return was driven by strong risk adjusted yield of 9.1%. Net Investment Assets remained broadly stable in the month at GBP580m with cash collected deployed into existing senior facilities. Performance remains strong with minimal impairments and bad debts and underlying asset performance remaining consistent.

The pipeline is strong at over GBP2bn with a number of new investment opportunities which are uncorrelated to the macro environment including senior financing for insurance run off and VAT financing whilst also providing strong returns.

For further information about this announcement please contact:

Pollen Street Capital - Investment Manager

Matthew Potter / Julian Dale: +44 (0)20 3728 6750

Barclays Bank PLC - Joint Broker

Neal West / Dion Di Miceli / Chris Madderson / Stuart Muress: +44 (0) 20 7623 2323

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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September 06, 2022 02:00 ET (06:00 GMT)

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