ACD Acencia

TIDMACD

RNS Number : 0679I

AcenciA Debt Strategies Limited

25 August 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     25 August 2016 
  release 
--------------    --------------- 
 

Interim Results for the six months ended 30 June 2016

AcenciA Debt Strategies Ltd ("AcenciA" or the "Company"), the closed-ended investment company listed on the London Stock Exchange, today announces its unaudited interim results for the six month ended 30 June 2016.

A full copy of the interim results can be accessed through the link below:

Highlights

-- Net asset value ("NAV") per share at 30 June 2016 increased by 1.1% to $1.56 and the share price decreased by -3.7% to $1.34 (taking account of dividends paid in both cases)

-- The annualised dividend yield for 2016 is 4.0%, after taking account of the c2.74 dividend paid in June and the interim dividend of c2.72 which is due to be paid in October. This annualised dividend yield is based on the closing share price of the Company of $1.375 on 23 August 2016.

William Scott, Chairman of AcenciA, said "Given the violent market moves that we saw in January, February and June, we are pleased that over this six month period AcenciA was able to post a positive total return in NAV terms in a low volatility manner. The Company continues to uphold its successful investment strategy of holding a concentrated portfolio, which focuses on establishing investment partnerships with superior hedge fund managers tasked with finding a multitude of event-driven and multi-strategy credit opportunities.

With mounting evidence that the next default cycle is looming, and increasing allocations to distressed being reported, the Investment Adviser believes that we are now in an environment where low to mid double digit returns are potentially achievable without any reliance on a rise in credit or equity markets. The Company is well placed to take advantage of these market conditions to the benefit of Shareholders. The Sub-manager's report goes into further detail on the investment performance of the Company, as well as the outlook for AcenciA in months ahead.

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/0679I_1-2016-8-24.pdf

This information is provided by RNS

The company news service from the London Stock Exchange

END

IR LLFSETLISFIR

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August 25, 2016 02:00 ET (06:00 GMT)

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