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Princess Private Equity Holding Ltd on Tuesday said its net asset value per share was up while its total return was down.
The Guernsey-based investment fund said its NAV per share was €14.27 on September 30, up 3.7% from €13.76 on June 30, while its total return was 3.7% on September 30, falling by 4.0% in the year-to-date.
It added that its suspended 2022 second half dividend will not be paid, with the next expected dividend to be paid in June 2023, assuming ‘somewhat normalised’ exit markets and absent of a further significant USD appreciation.
Princess Private Equity said its liquid position was solid due to the dividend suspension, while its dividend objective of paying 5% of opening NAV remains place.
Shares in Princess Private Equity were up 2.5% to €9.00 in London on Tuesday morning.
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