EJF Investments Ltd - Jersey-incorporated closed-ended investor in assets benefiting from regulatory and structural change in the financial services sector - Net asset value at June 30 rises 44% to 184.0 pence per share from 127.5p a year prior. Annual total net return doubles to 11% from 5.5%. Adds that NAV since end of period risen 1.1% to 186.0p at July 31. Declares two quarterly dividends of 2.675p during period.
"Amidst raised concerns about future economic growth, rising interest rates, inflation and increasing geopolitical uncertainty, to mention a few of the current headwinds, I believe the company's continued performance to be particularly pleasing," says Chair Joanna Dentskevich.
Current stock price: 120.00 pence
12-month change: down 4.0%
By Tom Budszus; tombudszus@alliancenews.com
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Ejf Investments (EJFI)