Third Point Investors Limited (the
“Company”)
(a closed-ended investment company incorporated with limited
liability under the laws of Guernsey with registered number
47161)
LEI Number: 549300WXTCG65AQ7V644 Renewal Date- 02/10/2021
3 March 2021
Ongoing
Publication of Weekly Net Asset Value
Third Point Investors Limited (“TPIL” or the “Company”), the
closed-end, London listed
event-driven hedge fund managed by Daniel S. Loeb’s Third Point LLC
(the “Investment Manager”), announces that it will begin
publication of weekly estimated net asset value (“NAV”) of Company
shares, commencing March 2021.
The weekly NAV estimates will generally be posted on Fridays, as
of Wednesday close, on the company’s website,
www.thirdpointlimited.com, and via the London Stock Exchange’s
Regulatory News Service (RNS). The Company believes the additional
disclosure of weekly NAV estimates is an important advancement to
further improve transparency for TPIL investors.
The estimated NAV of the under mentioned class of shares of no
par value in the Company, as at the close of business on
3rd March 2021 is:
CLASS |
NAV |
MTD
Performance |
YTD
Performance |
SEDOL |
USD Shares |
USD $27.08 |
-0.9% |
3.4% |
B1YQ721 |
The MTD performance figures are calculated by reference to the
previous estimated month end NAV or, if published, the previous
month end confirmed NAV including any dividends or shares
cancelled. The YTD performance figures are calculated by reference
to the NAV at the end of the last calendar year including any
dividends or shares cancelled.
The Ordinary Shares purchased during March are being held by
Third Point Offshore Master Fund LP until the Company is able to
cancel the shares following month-end. Accordingly, the above
estimate does not include the estimated NAV uplift of one cent, which will be reflected in the April
NAV once shares have been cancelled. Shares cannot be
cancelled intra-month due to legal and logistical
considerations.
The NAV figures stated in this announcement are an estimate only
and are based on unaudited estimated valuations supplied by the
administrator of Third Point Offshore Fund, Ltd (“Master Fund”).
The actual month end NAV may be materially different from the
estimated monthly value. Accordingly, no reliance should be placed
on such estimated NAV and it should only be taken as an indicative
guide. This document is for information purposes only and is not an
offer to invest. All investments are subject to risk. Past
performance is no guarantee of future returns. Prospective
investors are advised to seek expert legal, financial, tax and
other professional advice before making any investment decision.
The value of investments may fluctuate. Results achieved in the
past are no guarantee of future results.
Enquiries:
Northern Trust International Fund Administration Services
(Guernsey)
Limited Enquiries:
Company website:
www.thirdpointlimited.com
Samuel Walden
Northern Trust International Fund Administration Services
(Guernsey) Limited
Tel: +44 (0) 1481 745323
Email: SW171@ntrs.com
5th March 2021