Pantheon International NAV sees uplift but shares slump as discount widens

Share price down 8.5%

Valeria Martinez
clock • 2 min read

The net asset value of the Pantheon International (PIP) investment trust saw an uplift in the six months to November 2022, but the share price declined as its double-digit discount continued to widen.

The 35-year-old investment trust's NAV per share grew by 4% to 469.5p, and net assets increased to £2.5bn. PIP's share price decreased by 8.5% as the discount widened to 42% at the end of the period. It currently stands at 45.5%. Portfolio investment return, which measures the total movement in the valuation of the underlying funds and companies comprising PIP's portfolio, remained flat at 0.9%. Over the same period in 2021, pre-FX portfolio valuation was 19.7%, and 16.6% in 2020. Distributions also slowed, with £112m received during the half year. This was equivalent to a distributio...

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