IMPT.L Regulatory News (IMPT)

15 Apr 2008 17:23

Close High Income Properties PLC15 April 2008 CLOSE HIGH INCOME PROPERTIES PLC (the "Company") ANNOUNCEMENT OF NAV The board of Close High Income Properties PLC advise that as at close ofbusiness on 31 March 2008, the unaudited net asset value per Ordinary Share of 1penny each of the Company was 89.01 pence (29 February 2008: 101.03 pence). Theunaudited net asset value per "D" Ordinary Share of 1 penny each was 64.88 pence(29 February 2008: 71.39 pence). This represents a decrease of 11.9 per centper Ordinary Share and a decrease of 9.12 per cent per "D" Ordinary Share. The net asset value is based on the external valuation of the Company's propertyportfolio prepared by DTZ Debenham Tie Leung Limited at 31 March 2008. There were no property sales completed during March 2008. The net asset value is calculated under International Financial ReportingStandards ("IFRS"). Set out below is a breakdown of the change to the unaudited net asset values pershare calculated over the period from 29 February 2008 to 31 March 2008. Ordinary Share "D" Ordinary Share Pence per share % of opening Pence per % of opening NAV NAV shareNet asset value per share as at 29 101.03 71.39February 2008 Unrealised decrease in valuation of (10.99) (10.88) (6.48) (9.08)property portfolio (including the effectof gearing) Increase / (decrease) in interest rate (0.20) (0.20) 0.04 0.06swap valuation Movement in revenue reserves (0.83) (0.82) (0.07) (0.10) Net asset value per share as at 31 March 89.01 (11.90) 64.88 (9.12)2008 The property portfolio will next be valued by an external valuer at 30 June 2008and the net asset value per share as at 30 April 2008 will be announced in May2008. This information is provided by RNS The company news service from the London Stock Exchange