Pantheon International NAV sees uplift but shares slump as discount widens

Share price down 8.5%

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...