Fund Valuations

19 Feb 2009 07:00



19 February 2009

CAPITAL & REGIONAL PLC:

VALUATION OF MALL, JUNCTION AND X-LEISURE FUNDS

Capital & Regional plc, the co-investing property asset manager, today announced that the unit value of the Mall Limited Partnership as at 31 January 2009 was as follows:

	Valuation of properties	Unit value at 31 January 2009	Unit value at 31 December 2008	Underlying valuation change in month (1)	Change in unit value (geared) in month (2)	Units owned by C&R	C&R percentage of fund
Mall Fund	£1,613,943,458	£0.5062	£0.5892	(4.6)%	(14.1)%	157,742,057	16.7%

Notes:

(1) The underlying valuation change shows the increase/(decrease) in the value of the portfolio in the month as a percentage of the value of the portfolio at the beginning of the month.

(2) The change in unit value reflects the movement in the capital value (excluding the impact of debt mark to market adjustments) of the fund in the month. Investors separately benefit from quarterly distributions of net income and periodic capital distributions.

(3) Following the result of votes by the respective unit holders in both the Junction Fund and the X-Leisure Fund the next unit price for these funds will be calculated as at 31 March 2009. 

 

- ENDS -

For further information:

Capital & Regional:

Hugh Scott-Barrett, Chief Executive Tel: 020 7932 8121

Charles Staveley, Group Finance Director Tel:  020 7932 8000

Maitland

Martin Leeburn  Tel: 020 7379 5151

Emma Burdett  Tel:  020 7379 5151

ENDMSCSFEFIASUSESE