JZ Capital Ptnrs Ltd Net Asset Value(s)

 
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

(END) Dow Jones Newswires

February 03, 2020 03:40 ET (08:40 GMT)

Jz Capital Partners (LSE:JZCP)
Historical Stock Chart
From Jun 2024 to Jul 2024