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16 May 2016 17:07
Alternative Asset Opportunities PCC Limited (the "Company")
16 May 2016
The Board of Alternative Asset Opportunities PCC Limited (the "Company") announces that the net asset value of the US Traded Life Interests Fund at 30 April 2016 was 49.7 pence per share. This represents a decrease of 1.5 pence per share from the NAV at 31 March 2016.
It is estimated that exchange rate movements during the month had a negative impact of approximately 1.0 pence per share. Valuation changes and LE updates had a negligible impact per share. Premiums and other administration expenses cost approximately 0.5 pence per share.
Shareholders attention is drawn to the announcement released by the Company on 11 May 2016 referring to potential increases in Cost of Insurance. The above net asset value takes no account of the potential reduction in value of six Transamerica policies should the premium increases advised by the Investment Manager be implemented.
The Company's borrowings as at 30 April 2016 stood at US$nil. Total cash amounted to US$8,433,823.57.
Enquiries:
Tracey Lago Company Secretary | Tel: 020 3246 7405 |
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