QuotedData’s morning briefing for 24 November 2023

• CT Private Equity Trust  (CTPE) released their quarterly update for the three months ended 30 September 2023. CTPE reported a NAV per share of 696.3p, reflecting a total return of 3.3% for the quarter, as well as a share price total return of 0.4%. A quarterly dividend of 7/01p will be paid in January 2024, with three dividends totalling 20.97p announced for the current financial year, up 10.5% on the prior. During the quarter CTPE made three new commitments to funds and two co-investments.
• Sequona Economic Infrastructure Income Fund (SEQI) released its half year results for the six months ending 30 September 2023. NAV was stable at 92.88p per share, with a NAV total return of 3.3% over the period. Thanks to a narrowing discount its share price total return was 7.9% for the same period. SEQI’s dividend increased 10% to a target dividend of 6.875p per share. SEQI’s current chairman, Robert Jennings, will step down in January and will be replaced by James Stewart, who joined the board in 2022.
• Twenty Four Income Fund (TFIF) released its half year results for the six month period ending 30 September 2023. NAV per share increased to 102.71p, reflecting a total return of 8.5% for the period. TFIF declared a dividend of 4p per share, with the board believing that it is on track to meat its target dividend of at least 8p for the year. General commentary on the performance was that TFIF’s assets performed strongly, with no defaults or credit concerns within the portfolio.