13 Jun 2018 12:30
Kubera Cross-Border Fund Limited
Net Asset Value
Kubera Cross-Border Fund Limited (the "Fund") (LSE/AIM: KUBC) announces that as at close of business on 31 March 2018, its un-audited net asset value per share ("NAV") was US$ 0.37. Shareholder distributions to date taken together with the NAV total US$ 0.71.
Valuation Methodology
All investments are recorded at estimated fair value, in accordance with US GAAP ASC 820 that defines and establishes a framework for measuring fair value. The methodology underlying the Fund's investment valuations is consistent with previous periods.
About Kubera Cross-Border Fund Limited
Kubera Cross-Border Fund Limited is a closed-end investment company incorporated in the Cayman Islands and traded on the AIM market of the London Stock Exchange. The Fund makes private equity investments in cross-border companies, primarily in businesses that operate in the US-India corridor. For further information on the Fund, please visit www.kuberacrossborderfund.com
For more information contact:
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett/ Jamie Barklem
Tel.: +44 (0) 20 7383 5100
Email: philip.j.secrett@uk.gt.com
Numis Securities Limited (Broker)
David Benda, Managing Director
Tel.: +44 (0) 20 7260 1275
Email: d.benda@numis.com
FIM Capital Limited (Administrator, Registrar & Secretary)
Philip Scales, Director
Tel.: +44 (0) 1624 681250
Email: pscales@fim.co.im
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.
Disclaimer:
This announcement may contain certain forward-looking statements with respect to the financial condition, results of operations and business of the Fund and its portfolio companies. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Fund or its portfolio companies' actual performance to be materially different from any future performance expressed or implied by such forward-looking statements. Such forward-looking statements are based on assumptions regarding the Fund and its portfolio companies present and future business strategies and the political and economic environment in which they operate. Reliance should not be placed on these forward-looking statements.
In addition, due to the inherent uncertainties associated with the determination of the valuation of any private equity investment, the amount realised on disposal of a portfolio company may differ materially from the amount estimated in determining its fair value under US GAAP. The impact of such determination cannot be quantified.