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 OR ANY OTHER JURISDICTION
WHERE IT IS UNLAWFUL TO DO SO.
21 October
2024
EJF Investments
Ltd
("EJFI" or the
"Company")
Net Asset Value and Portfolio
Update
EJFI, which provides investors
exposure to primarily a diversified portfolio of debt issued by
smaller U.S. banks and insurance companies, and participation in certain management fee income streams of
EJF Capital LLC, today announces its
unaudited net asset value per share
("NAV per Share") at the
close of business on 30 September 2024 as set out below:
|
NAV per share
1
|
Monthly
performance
(inclusive of
dividends)
|
|
157 pence
(US Equivalent amount being 2.10)
1
|
(1.75)%
|
The detailed portfolio update and monthly
performance commentary can be viewed at
https://www.ejfi.com/investors/?category=monthly-reports&year=#filter.
1 Based on the GBP/USD spot exchange rate of 1.34 as at 30
September 2024.
Numbers in the table are
rounded.
Corporate Update:
The Company's 2025 ZDP Shares have a
redemption date of 18 June 2025. Ahead of the maturity date, the
Company is contemplating offering the ZDP shareholders an early
opportunity to roll some or all of their existing holding of 2025
ZDP Shares into a new class of ZDPs, with an expected 5 year
maturity. An early roll would enable the Company to put to work
some of the liquidity that it has been maintaining for 2025 ZDP
repayment into the attractive investment opportunities it currently
sees available, such as Credit Risk Transfer Investments. For those
shareholders who want to understand the CRT market opportunity
better, we recommend that you read an article written by Neal
Wilson, the Manager's CEO, and posted on the Company's website,
which can be accessed
here.
ENQUIRIES
For
the Manager
EJF Investments Manager
LLC
Adeeb Ahmed / Jay Ghatalia
aahmed@ejfcap.com
/ jghatalia@ejfcap.com
+44 203 752 6774 / +44 203 752
6776
For
the Company Secretary and Administrator
Apex Financial Services (Alternative
Funds) Limited
EJFIcosec@apexgroup.com
+44 204 549 0721
For
the Brokers
Barclays Bank PLC
Dion Di Miceli / Stuart
Muress
BarclaysInvestmentCompanies@barclays.com
+44 20
7623 2323
Panmure Liberum
Darren Vickers
ejfinvestments@liberum.com
+44 203 100 2222
About EJF Investments Ltd
EJFI's objective is to provide
shareholders with attractive risk adjusted returns through regular
dividends and capital growth over the long term. EJFI generates
exposure primarily to a diversified portfolio of loans issued by
financial institutions and related or similar assets in the U.S.,
U.K. and Europe.
EJFI currently invests primarily in
Equity Tranches of CDOs structured by an affiliate of EJF Capital
LLC, providing levered exposure to a highly diversified portfolio
of securities issued by U.S. financial institutions (banks and
insurance companies), these being Risk Retention
Investments.
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.