Sign In
19 May 2014 08:51
Alternative Asset Opportunities PCC Limited (the "Company")
19 May 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 30 April 2014 was 45.2 pence per share. This represents a decrease of 1.1 pence per share from the NAV at 31 March 2014. It is estimated that exchange rate movements during the month had a negative impact of approximately 0.6 pence per share. The Company's borrowings as at 30 April 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$3,400,024. The maturity proceeds of US$3,000,000 have subsequently been received.
As announced on 12 May 2014, the Company has received notification of one further policy maturity on one life with a face value of US$2,000,000, which once certified will add approximately 1.1p to the NAV per share.
Enquiries:
Peter Ingram Company Secretary | Tel: 020 7065 1467 |
Follow the stocks
