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HgCapital Trust PLC - technology-focused investment trust that participates in the private equity investments of manager Hg - Posts lower net asset value for the quarter that ended March 31. Net asset value per share shrinks by 0.6% to 433.1 pence from 436.7p on February 28 and 440.5p on December. Late March total net asset value down to £1.98 billion from £2.0 billion in late February and also late December. HgCapital has 458.1 million shares in issue as of March 31, up from 455.3 million on December 31. Sees a risk of inflation and shift to a rising interest rate environment. Says 2022 so far has brought significant increase in geo-political risk and uncertainty, citing the war in Ukraine and ongoing effects of Covid-19. ‘There has also been some collateral impact on the valuations of established and profitable businesses,’ Chair Jim Strang adds.
Current stock price: 381.00 pence, down 0.3% on Monday
12-month change: up 14%
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