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Marble Point Loan Financing Ltd - Guernsey-based closed-ended investment company - Posts lower net asset value in the quarter. Net asset value per share dips to 69 US cents on March 31 from 76 US cents on December 31, 2021. Assets attributable to shares fall to $137.5 million from $151.7 million. Total assets shrink to $175.7 million from $189.4 million. Centralised loan obligation equity climbs to 43% from 30% at December 31. Total investment income rises to $1.9 million from $1.0 million.
Says government policies loosening restrictions on business activity should ‘lessen the risk of additional supply chain disruptions, labour shortages and inflationary strains.’ Explains further economic disruption caused by Covid-19 are difficult to predict ‘and may have a materially adverse impact to the financial performance of the company.’
‘Geopolitical developments stemming from Russia's invasion of Ukraine during the first quarter of 2022 and the resulting sanctions imposed by the US and other governments may negatively impact businesses and create turbulence in global markets. As of the reporting date, the company does not hold any investments with direct exposure to Russia or Ukraine,’ firm adds. Points out that loans may be particularly susceptible to economic slowdowns or recessions since obligors may be unable to make scheduled interest payments.
Current stock price: 52.00 pence, untraded
12-month change: up 11%
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