UIL Ltd (GB:UTL) has released an update.
UIL Limited reported a decline in NAV total return by 3.0% in April, underperforming the FTSE All Share Index, amidst mixed global market conditions and varied performance across its portfolio. Notably, UIL’s portfolio saw Novareum Blockchain Asset Fund replace Orbital Corporation in the top ten due to a significant valuation increase. Despite a decrease in their ordinary share price and widening discount to NAV, UIL made portfolio purchases and experienced appreciation in ZDP shares, while bank and other debt slightly increased.
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