Global Fixed Income Realisation Ltd Final Net Asset Values (6217W)
16 November 2017 - 2:43AM
UK Regulatory
TIDMGFIR
RNS Number : 6217W
Global Fixed Income Realisation Ltd
15 November 2017
STOCK EXCHANGE ANNOUNCEMENT
GLOBAL FIXED INCOME REALISATION LIMITED
(a closed-ended investment company incorporated in Guernsey with
registration number 45717)
(the "Company")
Final Net Asset Values
Date: 15 November 2017
As at the close of business on 30 September 2017, the final Net
Asset Values per share was as follows:
Table 1 - GFIR NAV
Fund Name N.A.V. per Share Quarterly Performance
------------------------------------- ---------------------- --------------------------
Global Fixed Income Realisation
Limited GBP0.3882 1.60%
------------------------------------- ---------------------- --------------------------
Following the Company's purchase and cancellation of shares
under the tender offer made on 4 October 2017, the Company
estimates that the NAV per share was materially unchanged.
In addition, to provide shareholders with an indication of the
reserves applied to the portfolio, the Company now also publishes a
"Manager NAV" which excludes reserves as described in the
Notes.
Table 2 - Manager NAV
Fund Name N.A.V. per Share Quarterly Performance
------------------------------------- ---------------------- --------------------------
Global Fixed Income Realisation
Limited GBP0.5583 -9.78%
------------------------------------- ---------------------- --------------------------
The total cash held by the Company as at the date of this
announcement is GBP 923,456.71 which equates to GBP0.0256 per
share.
Enquiries
Numis Securities Limited
Nathan Brown, Corporate Broking
DDI: +44 (0) 20 7260 1426
Email: n.brown@numis.com
Praxis Fund Services Limited
Ben Le Prevost
DDI: +44 (0) 1481 755524
Email: Ben.LePrevost@praxisifm.com
Notes:
The valuations, which have been prepared in good faith by the
Company, are based principally on formal valuations supplied to the
Company by the administrators of the Company's underlying
investments. In the case of certain of the Company's investments,
estimated valuations prepared by the administrators of the
underlying funds have been utilised. Together with the formal
valuations, the Company calculates the "Manager NAV" in the table
above.
Furthermore, the board has agreed to take reserves against
certain valuations of the Company's underlying investments (as
previously disclosed). Such reserves are unaudited and may result
in valuations which do not comply with generally accepted
accounting or valuation principles. By applying these reserves to
the "Manager NAV" the Company arrives at a figure for the "GFIR
NAV".
This announcement has been issued through the Companies
Announcement Service of
The Irish Stock Exchange
This information is provided by RNS
The company news service from the London Stock Exchange
END
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