Alternative Asset Opps PCC Ltd Net Asset Value(s) (4558B)
June 16 2016 - 10:13AM
UK Regulatory
TIDMTLI
RNS Number : 4558B
Alternative Asset Opps PCC Ltd
16 June 2016
Alternative Asset Opportunities PCC Limited (the "Company")
16 June 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 31 May 2016 was 48.9 pence per share. This
represents a decrease of 0.8 pence per share from the NAV at 30
April 2016.
It is estimated that exchange rate movements during the month
had a positive impact of approximately 0.3 pence per share.
Valuation changes and LE updates had a positive impact of 0.2 pence
per share. Premiums and other administration expenses cost
approximately 0.6 pence per share.
Shareholders attention is drawn to the announcements released by
the Company on 11 and 26 May 2016 referring to potential increases
in Cost of Insurance for six Transamerica policies representing a
total face value of $9.9m. During the period, the Company was
formally notified of Cost of Insurance increases for two of these
six policies, representing a total face value of $3.6m.
Incorporating the increased future premiums for these two policies
had a negative impact of 0.7 pence per share.
During June we were advised of two further COI increases. These
do not have a material effect on the Company's NAV. Their effect
will be incorporated into the end June NAV calculation
The Company's borrowings as at 31 May 2016 stood at US$nil.
Total cash amounted to US$7,763,999.
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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