On 29 April 2021 the Company issued 9,000,000 new Ordinary Shares at a price of 119.5 pence per Ordinary Share; these shares rank pari passu with the existing Ordinary Shares in issue. The issue price equates to a premium to the Adjusted Operative NAV as at 28 April 2021. The net proceeds will be used to fund an investment in accordance with the Company’s investment policy.