EJF Investments Ltd Corporate Update (4218J)
December 21 2020 - 11:05AM
UK Regulatory
TIDMEJFI TIDMEJFZ
RNS Number : 4218J
EJF Investments Ltd
21 December 2020
FOR IMMEDIATE RELEASE
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES,
ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE
Republic of Ireland), AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN OR ANY
OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO.
21 December 2020
EJF Investments Ltd ("the Company")
Corporate Update
As communicated on 12 November 2019, EJF Capital LLC ("EJF"),
through its ownership of EJF Investments Manager LLC (the
"Investment Manager"), currently absorbs 80% of the recurring
operating expenses of the Company, aside from management and
incentive fees. This arrangement is due to expire no earlier than 1
January 2021.
The Board of the Company is pleased to announce that the
Investment Manager intends to continue to absorb 75% of the
Company's recurring operating expenses, aside from management and
incentive fees, until no earlier than the date on which the
unaudited net asset value of the Company reaches GBP300 million, as
communicated on 12 November 2019. This arrangement demonstrates the
Investment Manager's and EJF's ongoing commitment to, and alignment
with, the Company.
ENQUIRIES
For the Investment Manager
EJF Investments Manager LLC
Peter Stage / Hammad Khan / Matt Gill
pstage@ejfcap.com / hkhan@ejfcap.com / mgill@ejfcap.com
+44 203 752 6775 / +44 203 752 6771 / +44 203 752 6774
For the Company Secretary and Administrator
BNP Paribas Securities Services S.C.A Jersey Branch
jersey.bp2s.ejf.cosec@bnpparibas.com
+44 1534 709 181/ +44 1534 813 996
For the Broker
Numis Securities Limited David Luck d.luck@numis.com
+44 20 7260 1301
About EJF Investments Ltd
EJFI is a registered closed-ended limited liability company
incorporated in Jersey under the Companies (Jersey) Law 1991, as
amended, on 20 October 2016 with registered number 122353. The
Company is regulated by the Jersey Financial Services Commission
(the "JFSC"). The JFSC is protected by both the Collective
Investment Funds (Jersey) Law 1988 and the Financial Services
(Jersey) Law 1998, as amended, against liability arising from the
discharge of its functions under such laws.
The JFSC has not reviewed or approved this announcement.
LEI : 549300XZYEQCLA1ZAT25
Investor information & warnings
The latest available information on the Company can be accessed
via its website at www.ejfi.com .
This communication has been issued by, and is the sole
responsibility of, the Company and is for information purposes
only. It is not, and is not intended to be an invitation,
inducement, offer or solicitation to deal in the shares of the
Company. The price and value of shares in the Company and the
income from them may go down as well as up and investors may not
get back the full amount invested on disposal of shares in the
Company. An investment in the Company should be considered only as
part of a balanced portfolio of which it should not form a
disproportionate part. Prospective investors are advised to seek
expert legal, financial, tax and other professional advice before
making any investment decision.
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END
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