Patria Private Equity Trust PLC - Edinburgh, Scotland-based investment company - Estimates that its net asset value on September 30 was 758.9 pence per share, falling 1.6% from 771.6p per share on August 31. It says this reflected a 1.2% depreciation in euro versus sterling exchange rates, as well as a 2.1% depreciation in the US dollar versus sterling. It says the movement in net asset value also includes the ‘positive effects’ of its ongoing share buyback programme.
The company received £29.2 million in distributions during September and paid £14.3 million in drawdowns to fund both existing commitments and new underlying portfolio company investments. The company had £665.0 million in outstanding commitments at September 30, £93.4 million of which it believes is unlikely to be drawn. It has drawn a total of £140.6 million from its existing £300 million revolving credit facility from Royal Bank of Scotland International Ltd, Societe Generale and State Street Bank International GmbH, which is due to expire in December 2025.
Current stock price: 536.15 pence, up marginally in London on Monday morning
12-month change: up 24%
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