Volta Finance Limited : Early Estimated Net Asset Value as at 31 December 2017
09 January 2018 - 6:00PM
Volta Finance
Limited (VTA) - December 2017 Early Estimated NAV
NOT FOR RELEASE, DISTRIBUTION OR
PUBLICATION, IN WHOLE OR IN PART, IN OR INTO THE UNITED
STATES
******
9 January 2018
According to our early
computations, the end of December Early Estimated
NAV* of Volta is
at €8.32 per share. Volta's Early Estimated NAV*
performance is +0.6% for December 2017, taking into account the
€0.16 per share dividend payment that occurred in December.
The Early Estimated NAV*
is published for information purposes only; the official Estimated
NAV will be disclosed in the Monthly Report of Volta which will be
published in the course of the month, on or around 18 January
2018.
* Please note that this Early Estimated NAV has been computed
on the basis of fair values for the portion of the portfolio for
which end of months prices were available or were able to be
collected as of 8 January 2018 and on the basis of estimated prices
for the rest of the portfolio. Such estimated prices have been
estimated based on market observations as of the end of December
2017. The Early Estimated NAV is therefore not an accurate or
reliable reflection of the value of the assets of Volta as of the
end of December 2017 and can significantly differ (upwards or
downwards) from the published Estimated NAV that will be disclosed
in the next Monthly Report of Volta and that will be subject to the
limitations set forth therein.
This announcement
contains information that is inside information for the purposes of
the Market Abuse Regulation (EU) No. 596/2014. Upon the publication
of this announcement via Regulatory Information Service this inside
information is now considered to be in the public domain.
******
CONTACTS
For the
Investment Manager
AXA Investment Managers Paris
Serge Demay
Serge.demay@axa-im.com
+33 (0) 1 44 45 84 47
Company Secretary
and Portfolio Administrator
Sanne Group (Guernsey) Limited
voltafinance@sannegroup.com
+44 (0) 1481 739810
Corporate Broker
Cenkos Securities plc
Alan Ray
Oliver Packard
Sapna Shah
+44 (0) 20 7397 1916
*****
ABOUT VOLTA FINANCE LIMITED
Volta Finance Limited is incorporated in Guernsey under The
Companies (Guernsey) Law, 2008 (as amended) and listed on Euronext
Amsterdam and the London Stock Exchange's Main Market for listed
securities. Volta's home member state for the purposes of the EU
Transparency Directive is the Netherlands. As such, Volta is
subject to regulation and supervision by the AFM, being the
regulator for financial markets in the Netherlands.
Volta's investment objectives are
to preserve capital across the credit cycle and to provide a stable
stream of income to its shareholders through dividends. Volta seeks
to attain its investment objectives predominantly through
diversified investments in structured finance assets. The assets
that the Company may invest in either directly or indirectly
include, but are not limited to: corporate credits; sovereign and
quasi-sovereign debt; residential mortgage loans; and, automobile
loans. The Company's approach to investment is through vehicles and
arrangements that essentially provide leveraged exposure to
portfolios of such underlying assets. The Company has appointed AXA
Investment Managers Paris (an investment management company with a
division specialised in structured credit) for the investment
management of all its assets.
*****
ABOUT AXA INVESTMENT MANAGERS
AXA Investment Managers (AXA IM) is a multi-expert asset management
company within the AXA Group, a global leader in financial
protection and wealth management. AXA IM is one of the largest
European-based asset managers with €717 billion in assets under
management as of the end of December 2016. AXA IM employs
approximately 2,420 people around the world.
*****
This press release is distributed and published by
AXA Investment Managers Paris ("AXA IM"), in its capacity as
alternative investment fund manager (within the meaning of
Directive 2011/61/EU, the "AIFM Directive") of Volta Finance
Limited (the "Volta Finance") whose portfolio is managed by AXA
IM.
This press
release is for information only and does not constitute an
invitation or inducement to acquire shares in Volta Finance. Its
circulation may be prohibited in certain jurisdictions and no
recipient may circulate copies of this document in breach of such
limitations or restrictions. This document is not an offer for sale
of the securities referred to herein in the United States or to
persons who are "U.S. persons" for purposes of Regulation S under
the U.S. Securities Act of 1933, as amended (the "Securities Act"),
or otherwise in circumstances where such offer would be restricted
by applicable law. Such securities may not be sold in the United
States absent registration or an exemption from registration from
the Securities Act. Volta Finance does not intend to register any
portion of the offer of such securities in the United States or to
conduct a public offering of such securities in the United
States.
*****
This communication is only being distributed to
and is only directed at (i) persons who are outside the United
Kingdom or (ii) investment professionals falling within Article
19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the "Order") or (iii) high net worth
companies, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order
(all such persons together being referred to as "relevant
persons"). The securities referred to herein are only available to,
and any invitation, offer or agreement to subscribe, purchase or
otherwise acquire such securities will be engaged in only with,
relevant persons. Any person who is not a relevant person should
not act or rely on this document or any of its contents. Past
performance cannot be relied on as a guide to future
performance.
*****
All investments are subject to risk. The figures
provided that relate to past months or years and past performance
cannot be relied on as a guide to future performance or construed
as a reliable indicator as to future performance. Any estimation of
the value of an investment is not a reliable information and can
differ from the value at which such investment can be traded or
liquidated. The value of investments may fluctuate.
The valuation of
financial assets can vary significantly from the prices that AXA IM
could obtain if it sought to liquidate the positions on behalf of
Volta Finance due to market conditions and general economic
environment. Such valuations do not constitute a fairness or
similar opinion and should not be regarded as such. AXA IM does not
accept liability for actions taken on the basis of the information
provided.
Volta Finance
intends to release regular Early Estimated NAV updated around 8
calendar days after each month end, while continuing to publish its
monthly report later in the course of each relevant month. There is
however no guarantee that Volta Finance will be able to provide
every month with an Early Estimated NAV. In certain markets
conditions, the provision of an Early Estimated NAV can be delayed
or not happen at all.
Editor: AXA
INVESTMENT MANAGERS PARIS, a company incorporated under the laws of
France, having its registered office located at Tour Majunga, 6,
Place de la Pyramide - 92800 Puteaux. AXA IMP is authorized by the
Autorité des Marchés Financiers under
registration number GP92008 as an alternative investment fund
manager within the meaning of the AIFM Directive.
*****
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Volta Finance Limited via Globenewswire
Volta Finance (LSE:VTA)
Historical Stock Chart
From Apr 2024 to May 2024
Volta Finance (LSE:VTA)
Historical Stock Chart
From May 2023 to May 2024