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22 Apr 2014 14:38
Alternative Asset Opportunities PCC Limited (the "Company")
22 April 2014
The Board of Alternative Asset Opportunities PCC Limited (the "Company") announces that the net asset value of the US Traded Life Interests Fund at 31 March 2014 was 46.3 pence per share. This represents an increase of 1.6 pence per share from the NAV at 28 February 2014. It is estimated that exchange rate movements during the month had a positive impact of approximately 0.2 pence per share. The Company's borrowings as at 31 March 2014 showed a nil balance. Net cash, taking into account cash balances and capital debtors (being the maturity proceeds from the one policy on one life announced on 18 February 2014), amounted to US$4,071,012.
As previously advised in the Half Yearly Report, the Company put the audit out to tender. Following presentations from a number of international auditing firms, including the Company's current auditors, the Board, following a recommendation from the Audit Committee, has decided to retain Deloitte LLP as the Company's auditors.
Enquiries:
Peter Ingram Company Secretary | Tel: 020 7065 1467 |
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