Altern Asset Opps Ld (TLI) - Net Asset Value(s) RNS Number : 9098Q Alternative Asset Opps PCC Ltd 12 November 2012 Alternative Asset Opportunities PCC Limited (the "Company") 12 November 2012 The Board of Alternative Asset Opportunities PCC Limited (the "Company") announces that, on the basis of the 40,000,000 shares in issue on 31st October 2012, the net asset value of the US Traded Life Interests Fund at that date was 76.5 pence per share.This represents an increase of 0.7 pence per share from the NAV at 30th September 2012. The above recognises a profit equivalent to 1.7 pence per share from the three policy maturities, on two lives, previously announced.It is estimated that exchange rate movements had a positive impact during the month of 0.2 pence per share. The recent placing and open offer of 32,000,000 new shares raised £9,746,000 after expenses.Recognising the issue as at 31 October 2012 would lead to a net asset value on a pro forma basis of 56.0 pence per share. Following conversion into US dollars, the net proceeds from the issue amounted to US$15,600,000, and this has been repaid to Allied Irish Banks.In addition, US$2,800,000 from one of the above policy maturities has been received and repaid to Allied Irish Banks.As a result, the Company's total borrowings now stand at US$788,906. As a result of the above repayment to Allied Irish Banks, the loan agreement has been extended to 31st March 2014, in accordance with the recent prospectus and is expected to cover the Company's financing needs to that date. Enquiries: Peter Ingram Tel: 020 7065 1467 Company Secretary This information is provided by RNS The company news service from the London Stock Exchange END NAVGGGUGGUPPGCP -0- Nov/12/2012 14:15 GMT
Altern Asset Opps Ld TLI Net Asset Value(s)
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