Editing Seraphim Space Investment Trust
The edit can be undone. Please check the comparison below to verify that this is what you want to do, and then publish the changes below to finish undoing the edit.
Latest revision | Your text | ||
Line 393: | Line 393: | ||
'''Exhibit 8: Quoted portfolio performance since July 2021'''<ref name=":1" /> | '''Exhibit 8: Quoted portfolio performance since July 2021'''<ref name=":1" /> | ||
Although SSIT is not yet fully invested, Seraphim Space has an identified near-term c £88m pipeline of investments. In the future, SSIT will likely conduct further rounds of equity issuance to meet its funding requirements as it strives to maintain its equity share in its portfolio holdings as they grow, although they may end up being diluted. While any additional equity issuance should limit upward pressure on SSIT’s premium, as will future NAV uplifts, the company’s uniqueness within the UK listed sphere, combined with its ‘backward-looking’ NAV, may mean that there will be potential volatility in the share price. | Although SSIT is not yet fully invested, Seraphim Space has an identified near-term c £88m pipeline of investments. In the future, SSIT will likely conduct further rounds of equity issuance to meet its funding requirements as it strives to maintain its equity share in its portfolio holdings as they grow, although they may end up being diluted. While any additional equity issuance should limit upward pressure on SSIT’s premium, as will future NAV uplifts, the company’s uniqueness within the UK listed sphere, combined with its ‘backward-looking’ NAV, may mean that there will be potential volatility in the share price. |