HgCapital achieves record performance over 2021 – HgCapital Trust (HGT) has published its annual results for the year ended 31 December 2021. During the period, the trust achieved strong portfolio performance with a total return NAV increase of 44% to a record high of £4.40 and net assets of more than £2bn. Its share price return was 40%, outperforming its benchmark return of 18%.
A final dividend of 5p per share has been proposed (full year dividend of 7p per share) while the company saw a record level of investment over the year, deploying £424m alongside Hg, Europe’s largest investor in software & service businesses.
Jim Strang, chairman of HGT, said: “As I noted in my last review, HGT and its portfolio have coped well with the challenges presented by the COVID-19 pandemic. The defensive nature of the businesses within the portfolio and the operational skill of Hg have both contributed to the success of HGT in weathering this challenging period. I am happy to report that our full-year results continue to see the portfolio delivering strong growth and excellent returns.
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