Key Performance Indicators

Balance Sheet

31 Mar 2022

31 Mar 2021

Net Asset Value (“NAV”) per Ordinary Share

£1.50

£1.51

Share price

£1.51

£1.37

Premium/(discount)

0.40%

(9.40)%

Average premium/(discount) in year*

0.70%

(14.10)%

Leverage (% of NAV)**

29.40%

22.40%

* Average Premium is the average of the difference in the share price and the NAV per share divided by NAV per share.

** Leverage is the financing divided by the net assets.

Profit and Loss

31 Mar 2022

31 Mar 2021

(Loss)/earnings per Ordinary Share

10.7p

16.2p

Dividends per Ordinary Share declared for the year

12.0p

12.0p

NAV total return (including dividends) annualised

6.90%

11.00%

Financial Highlights

Balance Sheet

31 Mar 2022

31 Mar 2021

Cash, cash equivalents and cash held by brokers

£52.6m

£22.2

Net assets

£343.9m

£346.9m

Profit and Loss

31 Mar 2021

31 Mar 2020

Operating income

£32.4m

£45.3m

Net profit

£24.6m

£37.2m