DEXION ABSOLUTE LTD - Estimated NAV 23.10.2015
30 October 2015 - 4:41AM
PR Newswire (US)
Dexion Absolute Limited (the
"Company")
Estimated Net Asset Values
Ordinary Shares
As at the close of business on 23rd
October 2015, the estimated net asset values of the
Company’s ordinary shares are as follows:-
Share Class |
NAV |
Since 16th October
Performance |
MTD Performance* |
YTD Performance |
£ Shares |
191.11 pence |
+0.28% |
+0.33% |
+3.93% |
* based on FIN NAV for 30th September
2015 reported on 27th October 2015.
These valuations, which have been prepared in good faith by the
Company's administrator, are for information purposes only and are
based on the unaudited estimated valuations supplied to the
Company's investment adviser by the administrators or managers of
the Company's underlying investments and such valuations may not be
considered independent or may be subject to potential conflicts of
interest. Both weekly manager estimates and monthly valuations may
be produced as at valuation dates which do not co-incide with
valuation dates for the Company, may be based on valuations
provided as of a significantly earlier date, may differ materially
from the actual value of the Company's portfolio and are unaudited
or may be subject to little verification or other due diligence and
may not comply with generally accepted accounting practices or
other generally accepted valuation principles. The Company's
investment adviser, investment manager and administrator may not
have sufficient information to confirm or review the completeness
or accuracy of information provided by those managers or
administrators of the Company's investments. In addition, those
entities may not provide estimates of the value of the underlying
funds in which the Company invests on a regular or timely basis or
at all with the result that the values of such investments may be
estimated by the investment adviser. Since 1
April 2013 the Company has been transitioning to becoming a
feeder fund of Aurora Offshore Fund Ltd II ("AOFL II"). AOFL II's
investment manager is also the investment adviser to the Company
and so valuations of the Company's investment in AOFL II may be
subject to potential conflicts of interest. As at 1 October 2015 approximately 95.67% of the
Continuing Portfolio (by NAV) was invested in AOFL II. The value of
designated investments as at 1 October
2015 equates to approximately 1.56% of the Continuing
Portfolio NAV. Certain other risk factors which may be relevant to
these valuations are set out in the Company's prospectus dated
17 October 2007 and the Company's
circulars dated 15 April 2011,
5 April 2012 and 22 February 2013.
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