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5 Dec 2011 07:00
5 December 2011
Japan Residential Investment Company Limited ("the Company")
Update on Net Asset Value
Availability of Fund Factsheet
Japan Residential Investment Company Limited (AIM: JRIC) is a closed-ended Guernsey registered company established to make and hold investments in residential property in Japan. The Company, its subsidiaries and entities in which it has a beneficial interest are referred to collectively as "the Fund".
The Net Asset Value for the Company as of 31 August 2011 was 70.3 pence per share (JPY 87.6 per share) compared to 64.4 pence per share (JPY 86.4 per share) as at 31 May 2011. This NAV reflects an increase of 0.9 pence per share from underlying profit for the period and a further increase of 5.0 pence per share due to net currency translation and foreign exchange movements. This calculation of NAV is based on the most recent external valuation of investment properties as at 31 May 2011.
The Net Asset Value in Sterling is determined using the Yen:Sterling exchange rate of JPY 124.563, which was the prevailing rate as at 31 August 2011 (31 May 2011: JPY 134.088).
A factsheet regarding the Fund is now available on the Company's website at www.jricl.com.
Enquiries:
Praxis Fund Services Limited Fund Administrator
| Shona Darling | +44 (0)1481 737600 |
Smith & Williamson Corporate Finance Limited Nominated Adviser
| Azhic Basirov David Jones | +44 (0)20 7131 4000 |
Fairfax I.S. PLC Joint Broker
| John Korwin-Szymanowski Gillian McCarthy | +44 (0)20 7460 4376 |
Westhouse Securities Limited Joint Broker
| Alastair Moreton Hannah Young
| +44 (0)20 7601 6100 |
K.K. Halifax Asset Management Investment Adviser
| Alec Menikoff | +81 (0)3 5563 8771 |
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