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 Limited |
31st December 2019 |
US$ 8.27 |
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