Hardman & Co Research on Volta Finance (VTAS): FY’24 - another year of outperformance
12 September 2024 - 1:25AM
EQS Non-Regulatory
Hardman & Co Research
Hardman & Co Research on Volta Finance (VTAS): FY’24 - another
year of outperformance
11-Sep-2024 / 16:25 GMT/BST
The issuer is solely responsible for the content of this
announcement.
Hardman & Co
Research | Closed End Investments
Volta Finance Limited
(VTAS) | FY’24: another year of
outperformance
Volta’s
monthly to its FY-end of July reported an NAV total return of 19.7%
while annualised cash receipts are 22% of the July NAV, consistent
with levels seen since mid’22. For 16 consecutive months, it has
generated positive NAV returns. In this note, we detail the
different elements that have driven this performance. We note both
positive markets and incremental value added by the manager. To put
Volta’s returns into perspective, YTD to end-July, there has been a
+10.8% total NAV return, more than twice the level of high-yield
debt markets (US and Europe), which returned ca.4.5%. The discount
appears anomalous with such a performance.
Please click on the link
below for the full report:
https://hardmanandco.com/research/corporate-research/volta-fy24-another-year-of-outperformance/
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Contact:
Mark Thomas
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mt@hardmanandco.com
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End of Announcement - EQS News Service
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