Alternative Asset Opps PCC Ltd Net Asset Value(s) (3931Y)
May 16 2016 - 12:07PM
UK Regulatory
TIDMTLI
RNS Number : 3931Y
Alternative Asset Opps PCC Ltd
16 May 2016
Alternative Asset Opportunities PCC Limited (the "Company")
16 May 2016
The Board of Alternative Asset Opportunities PCC Limited (the
"Company") announces that the net asset value of the US Traded Life
Interests Fund at 30 April 2016 was 49.7 pence per share. This
represents a decrease of 1.5 pence per share from the NAV at 31
March 2016.
It is estimated that exchange rate movements during the month
had a negative impact of approximately 1.0 pence per share.
Valuation changes and LE updates had a negligible impact per share.
Premiums and other administration expenses cost approximately 0.5
pence per share.
Shareholders attention is drawn to the announcement released by
the Company on 11 May 2016 referring to potential increases in Cost
of Insurance. The above net asset value takes no account of the
potential reduction in value of six Transamerica policies should
the premium increases advised by the Investment Manager be
implemented.
The Company's borrowings as at 30 April 2016 stood at US$nil.
Total cash amounted to US$8,433,823.57.
Enquiries:
Tracey Lago Tel: 020 3246 7405
Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
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