Tue, 1st Apr 2014 14:42
ACENCIA DEBT STRATEGIES LIMITED
(Registered in Guernsey - Number 43787)
Sarnia House, Le Truchot,
St Peter Port, Guernsey, GY1 4NA
Telephone: +44 1481 737600
Facsimile: +44 1481 749810
For immediate release
1 April 2014
Full Year Results for the year ended 31 December 2013
AcenciA Debt Strategies Ltd ("AcenciA" or the "Company"), the closed-ended investment company listed on the London Stock Exchange, which invests predominantly in distressed debt on a global basis through rigorously selected funds specialising in this area, today announces its audited results for the year ended 31 December 2013.
· Net asset value ("NAV") per share at 31 December 2013 increased by 9.7% to 109.75p and the share price by 20.9% to 100.30p (taking account of dividends paid in both cases)
· An interim dividend of 1.92p was declared, representing an annualised dividend yield of 3.7% based on the closing share price of the Company of 105.00p on 31 March 2014
Jim Le Pelley, Chairman of AcenciA, said "I am pleased to announce another strong set of results for AcenciA Debt Strategies. Although the market backdrop in 2013 was variable at the best of times, it was pleasing that the Company was able to navigate successfully through some extreme bouts of volatility and deliver a strong investment performance.
Our focus remains on building strong investment partnerships with superior hedge fund managers who are tasked with finding multi-strategy credit and event-driven opportunities. The ever-evolving markets continue to throw up such opportunities, from rising distressed debt opportunities in Europe to increasing activist and event equity situations, and we believe that the portfolio remains well positioned to take advantage of these developments in the near future."
For further information, please contact:
Saltus Partners LLP, Jon Macintosh
+ 44 20 7408 7765
Canaccord Genuity Limited, David Yovichic
+44 20 7523 8361
Kepler Partners LLP, Hugh van Cutsem
+44 20 3384 8796
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