Tetragon financial1/2/2024 ![]() Investment income and losses decreased NAV per share by $1.23. This breaks down into its component parts the change in Tetragon's fully diluted NAV per share which is $29.86 at the end of 2021 to $28.59 per share at the end of June 2022. Based on the quarter-end share price of $10.40, the last four quarters dividend represents a yield of approximately 4.1%. Tetragon declared a dividend of $0.11 for the second quarter and which represents a dividend of $0.22 for the half year. Later on the call, we'll give more color as to how the individual asset classes have contributed so far this year.įinally, moving on to the last key metric, dividends. With reference to long-term target range of 10% to 15%, the average ROE achieved since IPO is now positive 11.7%. For monitoring investment returns, we use an ROE calculation which was minus 5% for the first half of the year, net of all fees and expenses. Since IPO in 2007, Tetragon has achieved an annualized NAV per share total return of plus 10.8%. In the first six months of 2022, it is minus 3.5%. After adjusting for dividends reinvested – reinvested at the NAV, the NAV per share total return for last 12 months was positive 10%. Fully diluted NAV per share was $28.59, 30th June 2022. And finally, we monitor how value is being returned to shareholders through distributions, mainly in the form of dividends. We also look at investment returns measured as a return on equity. We look at how value is being created via NAV per share total return. Tetragon continues to focus on three main performance metrics. With that, I'd like to pass over to Paul. Our performance may change materially as a result of various possible events or factors. I'd also like to remind everyone that the following may contain forward-looking comments, including statements regarding the intentions, beliefs or current expectations concerning performance and financial condition on the products and markets in which Tetragon invests. These investors should have experience in investing in financial markets and collective investment undertakings and be capable themselves of evaluating the American risk of Tetragon shares, and they should have sufficient resources both to invest in potentially illiquid securities and to be able to bear any losses, which may equal the whole amount invested that may result from the investment. Tetragon anticipates that its typical investors will be institutional and professional investors who wish to invest for the long-term in a capital appreciation and income-producing investment. persons and are not intended for European retail investors. First, Tetragon shares are subject to restrictions on ownership by U.S. PDF of the slides are now available to download on our website, and if you're on the webcast, directly from the webcast portal.Īs usual, before I go into the presentation, there are some reminders. As usual, we'll conclude with questions taken electronically by our web-based system at the end of the presentation as well as those received since the last update. ![]() Steve will spend some time discussing the outlook. Steve Prince and I will walk through some of the detail of the portfolio and that performance. Paul Gannon, our CFO will review the company's financial performance for the period. I will now turn you over to Paddy Dear to commence the presentation.Īs one of the Principals and Founders of the Investment Manager of Tetragon Financial Group Limited, I'd like to welcome you to our investor call, which will focus on the company's 2022 half yearly results. As a reminder, this call is being recorded. This press release can be found on the homepage of the company's website, In addition, questions can be submitted online while watching the presentation. The call will be accompanied by a live presentation, which can be viewed online by registering at the link provided in the company's conference call press release. Thank you for joining Tetragon’s Half Year Investor Call. Steve Prince – Member-The Investment Committee & Risk Committee Paddy Dear – Principal-Investment Manager Tetragon Financial Group ( OTCPK:TGONF) Q2 2022 Earnings Conference Call J10:00 AM ET
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |