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LONDON (Alliance News) - Toro Ltd, which raised EUR331.8 million when it floated on the London Stock Exchange last May, on Thursday said its net asset value rose by 3.61% net of issue costs to 101.54 cents between admission of its shares to trading and September 30.
"The portfolio manager expects to deploy available cash in the company into liquid ABS [asset backed securities] sectors that have widened significantly over the past quarter while underlying performance remains strong," Chairman Frederic Hervouet said.
Shares in Toro were untraded at EUR0.935 on Thursday.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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