EJF Investments Ltd Corporate Update (0937C)
13 June 2019 - 6:34PM
UK Regulatory
TIDMEJFI TIDMEJFZ
RNS Number : 0937C
EJF Investments Ltd
13 June 2019
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
UNITED KINGDOM AND THE Republic of Ireland), AUSTRALIA, CANADA,
SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO
SO.
13 June 2019
EJF Investments Ltd ("the Company")
Corporate Update
As communicated on 1 May 2019, EJF Capital LLC ("EJF"), through
its ownership of EJF Investments Manager LLC (the "Investment
Manager") agreed with effect from 1 July 2019 to absorb 90% of the
Company's recurring operating expenses, aside from management and
incentive fees, until no earlier than 1 January 2020.
Furthermore, the Board of the Company is pleased to announce
that the Investment Manager expects that it will continue to absorb
at least 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.
This is a further demonstration of EJF's commitment to and
alignment with the Company during its growth phase.
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 1481 750 822
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.
This announcement contains statements that are, or may be deemed
to be, "forward--looking statements". Forward--looking statements
may and often do differ materially from actual results. The
forward--looking statements reflect the Company's, EJF's and the
Investment Manager's current view with respect to future events and
are subject to risks relating to future events and other risks,
uncertainties and assumptions relating to the Company's business,
results of operations, financial position, liquidity, prospects,
growth, strategies and the industry in which the Company operates.
The forward--looking statements speak only as of the date they are
made and cannot be relied upon as a guide to future performance.
Forward--looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by the
Company, EJF and the Investment Manager, are inherently subject to
significant business, economic and competitive uncertainties and
contingencies. As a result, investors are cautioned not to place
undue reliance on such forward--looking statements. The Company,
EJF and the Investment Manager and any of such person's respective
directors, officers, employees, agents, affiliates or advisors
expressly disclaim any obligation to supplement, amend, update or
revise any of the forward--looking statements made herein, except
where it would be required to do so under applicable law. It is up
to the recipient of this announcement to make its own assessment as
to the validity of such forward--looking statements and
assumptions. No statement in this announcement is intended as a
profit forecast or a profit estimate
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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