DJ Hardman & Co Research: ICG Enterprise Trust (ICGT) - FY'22: you couldn't ask for more
Hardman & Co Research Hardman & Co Research: ICG Enterprise Trust (ICGT) - FY'22: you couldn't ask for more 07-Jun-2022 / 16:50 GMT/BST
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Hardman & Co Research on ICG Enterprise Trust (ICGT):
FY'22: you couldn't ask for more ICGT reported another strong year, with an NAV per share total return of 24.4%, its 13th consecutive year of double-digit NAV growth. It materially outperformed the UK public market index, with a five-year CAGR of 16.4% (post all fees), three times the FTSE All-Share index total return. The portfolio generated a 29.4% return on a local currency basis to January 2022. Total proceeds and new investments were a record GBP342.9m and GBP303.7m, respectively, generating net proceeds of GBP39.2m. ICGT's 36% uplift on exits is in line with historical averages. Investment is focused on businesses with good risk-adjusted returns and defensive growth characteristics.
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End of Announcement - EQS News Service
1370383 07-Jun-2022
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(END) Dow Jones Newswires
June 07, 2022 11:50 ET (15:50 GMT)
