IN BRIEF: JZ Capital upbeat despite shrinking net asset value

JZ Capital Partners Ltd - microcap-focused investment company - Sees net asset value per share fall to USD4.08 on August 31 from USD4.25 on February 28. Notes that the company has drawn down USD31.5 million of subordinated notes maturing on 11 September, 2022.

"We have worked hard during the period to execute the new investment policy, intending to realise the maximum value of the company's investments and, after repaying its debt obligations, returning capital to shareholders," says Chair David Macfarlane.

"The board continues to be optimistic that all the company's obligations will be repaid in full and that ultimately a significant amount of capital will be returned to shareholders."

Current stock price: 117.50 pence

Year-to-date change: up 46%

By Will Paige; willpaige@alliancenews.com

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