Alternative Asset Opps PCC Ltd Net Asset Value(s) (8953Z)
December 16 2014 - 05:53AM
UK Regulatory
TIDMTLI
RNS Number : 8953Z
Alternative Asset Opps PCC Ltd
16 December 2014
Alternative Asset Opportunities PCC Limited (the "Company")
16 December 2014
The Board of Alternative Asset Opportunities PCC Limited (the
"Company") announces that the net asset value of the US Traded Life
Interests Fund at 28 November 2014 was 42.3 pence per share. This
represents a decrease of 1.7 pence per share from the NAV at 31
October 2014. It is estimated that exchange rate movements during
the month had a positive impact of approximately 0.9 pence per
share. During the month LE adjustments on 36 lives (44 policies)
reduced NAV by 2.0 pence per share.
The Company's borrowings as at 28 November 2014 showed a nil
balance and cash balances as at that date amounted to US$1,087,505.
The NAV and net cash balance do not reflect the two maturities on
two lives announced on 24 November and 27 November 2014, which once
certified will result in aggregate proceeds of US$8,000,000 and add
approximately 5.5p to the NAV per share.
Enquiries:
Peter Ingram Tel: 020 7065 1467
Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
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