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Alcentra’s NAV dips

Over the year to the end of March 2016, Alcentra Floating Rate Income Fund’s net asset value fell from 105.3p to 103.0p. In Euros the fall was more pronounced (€1.457 down to €1.303). The share price fell too – from 108.75p to 100.75p. The dividend for the year was 5.36p – up from 5.04p the year before.

As at 31 March 2016 the portfolio was diversified by obligor and industry with 91 issuers/borrowers across 27 different industry sectors and no individual borrower representing an exposure of more than 5 per cent. of the portfolio.

The Weighted Average Yield on the portfolio has increased over the course of the year. The company believes that this was due to the attractive returns available on new issue loans which have been added to the portfolio over the year.

AEFS : Alcentra’s NAV dips

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