JZ Capital Ptnrs Ltd Net Asset Value(s)
February 03 2020 - 3:40AM
UK Regulatory
TIDMJZCP TIDMJZCN
JZ CAPITAL PARTNERS LIMITED (the "Company" or "JZCP")
(a closed-ended investment company incorporated with limited liability under
the laws of Guernsey with registered number 48761)
LEI 549300TZCK08Q16HHU44
Monthly Net Asset Value ("NAV")
The unaudited Net Asset Value per Ordinary Share of the Company as at the close
of business on 31st December 2019 was as follows:
Company Name Date NAV per Ordinary Share
JZ Capital Partners 31st December 2019 US$ 8.27
Limited
JZCP's NAV at 31 December 2019 is $8.27 per share ($8.54 at 30 November), the
decrease in NAV per share of (27 cents) per share is due to net investment
losses of (29 cents), net foreign exchange losses of (2 cents) and expenses and
finance costs of (4 cents) offset by accrued income 1 cents and change in the
fair value of CULS 1 cent and a write back of the provision for the Investment
Adviser's incentive fee 6 cents. Investment losses are comprised primarily of
(23 cents) from the write down of JZCP's investment in its Greenpoint real
estate property.
The Company is in the beginning phase of selling its Greenpoint asset. A broker
has been appointed to represent JZCP and its co-investors in marketing the
asset. Prior to formally entering the market, the Broker was approached with a
pre-emptive offer, which the Broker considers to be both an excellent offer and
from a reputable, highly motivated buyer. Consequently, the Board has marked
the Greenpoint investment valuation in line with the anticipated sale price. As
a result, JZCP has marked down its Greenpoint asset by approximately $18
million as at 31 December 2019.
Enquiries:
Company website: www.jzcp.com
Northern Trust International Fund Administration Services (Guernsey) Limited
Email: jzcp@ntrs.com
END
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