ICG Longbow has released its first set of results, for the period ended 31 January 2014. At that stage the company had made eight investments, was 85% invested and the NAV per share was 98.79p. The earnings for the period were 1.29p per share – lower than anticipated at the time of the IPO – this was a reflection of the time it took to get money invested. The Board thinks that now though ICG Longbow is on track to pay a 6% yield on the IPO issue price.
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