ACD Acencia

TIDMACD

RNS Number : 5791W

AcenciA Debt Strategies Limited

28 April 2016

ACENCIA DEBT STRATEGIES LIMITED

(The "Company")

(Registered in Guernsey - Number 43787)

Registered Office:

Sarnia House, Le Truchot,

St Peter Port, Guernsey, GY1 1GR

Telephone: +44 1481 737600

Facsimile: +44 1481 749810

 
 For immediate     28 April 2016 
  release 
--------------    -------------- 
 

Full Year Results for the year ended 31 December 2015

AcenciA Debt Strategies Ltd ("AcenciA" or the "Company"), the closed-ended investment company listed on the London Stock Exchange, which invests in a highly focused portfolio of multi-strategy credit and event-driven funds, with a focus on distressed debt, today announces its audited results for the year ended 31 December 2015.

Highlights

-- Net asset value ("NAV") per share at 31 December 2015 decreased by 6.1% to $1.57 and the share price by 9.2% to $1.42 (taking account of dividends paid in both cases)

-- An interim dividend of 2.74 cents was declared, representing an annualised dividend yield of 2.0% based on the closing share price of the Company of $1.343 on 25 April 2016.

William Scott, Chairman of AcenciA, said;

"2015 was a difficult and challenging year for debt investors in general and AcenciA was no exception. The second half of the year was particularly brutal with the Credit Suisse High Yield USD Index falling by 7.6% and AcenciA's NAV per share falling by 9.5%. Over the full year, our NAV fell by -6.1% to $1.57 (taking account of dividends paid).

The Credit Suisse High Yield USD index had its worst non-recession year since 1983.

Looking forward into 2016, your Board therefore does see some underlying grounds for optimism, even if the journey over the past 9 months to arrive at that starting point has been particularly painful. AcenciA's underlying managers regard the current market situation as the most bullish opportunity for 5 years, as the overall trend is rapidly developing into the classic debt restructuring environment that the underlying managers traditionally thrive in."

For further information, please contact:

Saltus Partners LLP, Jon Macintosh

+ 44 20 7408 7765

Canaccord Genuity Limited, David Yovichic

+44 20 7523 8361

Kepler Partners LLP, Hugh van Cutsem

+44 20 3384 8796

Click on or paste the link below to your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/5791W_-2016-4-27.pdf

This information is provided by RNS

The company news service from the London Stock Exchange

END

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