Tetragon reports profitable assets across its portfolio
Tetragon Financial group, a Guernsey based closed-ended investment company, reported profits across all its asset classes in the third quarter ended 30 September 2016.
Tetragon Financial Group Ltd
1,030.00p
16:30 14/11/24
The company, which trades on the London Stock Exchange and Euronext Amsterdam NV, has a broad range of assets in its investment portfolio, including a diversified alternative asset management business, TFG Asset Management, and covers bank loans, real estate, equities, credit, convertible bonds and infrastructure.
The group's assets under management totalled about $18.6bn at 30 September 2016.
Annualised fair value return on equity (RoE) year to date was 6.4% and fair value earnings per share (EPS) was $1.02 during the period.
Fair value net asset value (NAV) per share total return of 7.8% year to date and fully diluted fair value NAV per share of $20.05.
Dividend per share was 16.75 cents at dividend yield of 6.3%. The group intends to conduct a tender offer for a number of its non-voting shares with a maximum value of up to $50m.
The company also became a member of the Association of Investment Companies during the period.
The share price rose 1.79% to 11.40p at 1005 GMT.