Last checked at 19 Feb 2009 07:00
19 February 2009
CAPITAL & REGIONAL PLC:
VALUATION OF MALL, JUNCTION AND X-LEISURE FUNDS
Capital & Regional plc, the co-investing property asset manager, today announced that the unit value of the Mall Limited Partnership as at 31 January 2009 was as follows:
| Valuation of properties | Unit value at 31 January 2009 | Unit value at 31 December 2008 | Underlying valuation change in month (1) | Change in unit value (geared) in month (2) | Units owned by C&R | C&R percentage of fund | |
| Mall Fund | £1,613,943,458 | £0.5062 | £0.5892 | (4.6)% | (14.1)% | 157,742,057 | 16.7% |
Notes:
(1) The underlying valuation change shows the increase/(decrease) in the value of the portfolio in the month as a percentage of the value of the portfolio at the beginning of the month.
(2) The change in unit value reflects the movement in the capital value (excluding the impact of debt mark to market adjustments) of the fund in the month. Investors separately benefit from quarterly distributions of net income and periodic capital distributions.
(3) Following the result of votes by the respective unit holders in both the Junction Fund and the X-Leisure Fund the next unit price for these funds will be calculated as at 31 March 2009.
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For further information:
Capital & Regional:
Hugh Scott-Barrett, Chief Executive Tel: 020 7932 8121
Charles Staveley, Group Finance Director Tel: 020 7932 8000
Maitland
Martin Leeburn Tel: 020 7379 5151
Emma Burdett Tel: 020 7379 5151