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Tetragon reports NAV of $2,825m and dividend yield of 4.5%

EditorNatashya Angelica
Published 31/01/2024, 06:12 pm
© Reuters.
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LONDON - Investment company Tetragon Financial Group Limited has announced its Monthly Factsheet for December 2023, disclosing a Net Asset Value (NAV) of $2,825 million. The company, which is a closed-ended investment entity based in Guernsey, detailed a Fully Diluted NAV Per Share of $31.13, with a share price (TFG NA) of $9.88 as noted on Euronext Amsterdam, where its non-voting shares are listed.

For the month of December, Tetragon reported a NAV per share total return of 4.8% and a Return on Equity of 2.2%. The most recent quarterly dividend declared by the company was $0.11 per share, resulting in a dividend yield of 4.5%.

Tetragon's investment strategy is managed by Tetragon Financial Management LP. The company's shares are also traded on the Specialist Fund Segment of the Main Market of the London Stock Exchange, though the shares come with restrictions on ownership by U.S. persons and are not intended for European retail investors.

The information provided in the Monthly Factsheet is based on a press release statement and does not constitute an offer to sell or a solicitation of an offer to purchase securities in the United States or any other jurisdiction. Tetragon has clarified that its securities have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States or to U.S. persons unless registered under applicable law or exempt from registration.

Furthermore, Tetragon is not registered under the U.S. Investment Company Act of 1940, and as such, investors are not entitled to the benefits of this Act. The company has been registered in the public register of the Netherlands Authority for the Financial Markets under Section 1:107 of the Financial Markets Supervision Act as a collective investment scheme from a designated country.

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