Volta Finance Limited: November 2018 Early NAV
December 10 2018 - 12:00PM
Volta Finance Limited: November 2018 Early NAV
Volta Finance Limited (VTA / VTAS) –
November 2018 Early NAV
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE
OR IN PART, IN OR INTO THE UNITED STATES
******
10 December 2018
According to our early computations, the end of
November Early NAV* of Volta is at €8.31 per
share. Volta’s Early NAV* performance is
-1.0% for November 2018.
The Early NAV* is published for information
purposes only; the official NAV will be disclosed in the Monthly
Report of Volta which will be published in the course of the month,
on or around 14 December 2018.
* Please note that this Early NAV has been
computed on the basis of fair values for the portion of the
portfolio for which end of months prices were available or were
able to be collected as of 7 December 2018 and on the basis of
estimated prices for the rest of the portfolio. Such estimated
prices have been estimated based on market observations as of the
end of November 2018. The Early NAV is therefore not an accurate or
reliable reflection of the value of the assets of Volta as of the
end of November 2018 and can significantly differ (upwards or
downwards) from the published NAV that will be disclosed in the
next Monthly Report of Volta and that will be subject to the
limitations set forth therein.
This announcement contains information
that is inside information for the purposes of the Market Abuse
Regulation (EU) No. 596/2014. Upon the publication of this
announcement via Regulatory Information Service this inside
information is now considered to be in the public
domain.
******
CONTACTS
For the Investment Manager
AXA Investment Managers Paris
Serge Demay
Serge.demay@axa-im.com
+33 (0) 1 44 45 84 47
Company Secretary and
Administrator
BNP Paribas Securities Services S.C.A, Guernsey Branch
guernsey.bp2s.volta.cosec@bnpparibas.com +44 (0) 1481
750 853
Corporate Broker Cenkos Securities plc Andrew
Worne Oliver Packard
Sapna Shah
+44 (0) 20 7397 8900
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ABOUT VOLTA FINANCE LIMITED
Volta Finance Limited is incorporated in
Guernsey under The Companies (Guernsey) Law, 2008 (as amended) and
listed on Euronext Amsterdam and the London Stock Exchange's Main
Market for listed securities. Volta’s home member state for the
purposes of the EU Transparency Directive is the Netherlands. As
such, Volta is subject to regulation and supervision by the AFM,
being the regulator for financial markets in the Netherlands.
Volta’s investment objectives are to preserve
capital across the credit cycle and to provide a stable stream of
income to its shareholders through dividends. Volta seeks to attain
its investment objectives predominantly through diversified
investments in structured finance assets. The assets that the
Company may invest in either directly or indirectly include, but
are not limited to: corporate credits; sovereign and
quasi-sovereign debt; residential mortgage loans; and, automobile
loans. The Company’s approach to investment is through vehicles and
arrangements that essentially provide leveraged exposure to
portfolios of such underlying assets. The Company has appointed AXA
Investment Managers Paris (an investment management company with a
division specialised in structured credit) for the investment
management of all its assets.
*****
ABOUT AXA INVESTMENT
MANAGERS
AXA Investment Managers (AXA IM) is a
multi-expert asset management company within the AXA Group, a
global leader in financial protection and wealth management. AXA IM
is one of the largest European-based asset managers with €759
billion in assets under management as of the end of June 2018. AXA
IM employs approximately 2,420 people around the world.
*****
This press release is distributed and
published by AXA Investment Managers Paris (“AXA IM”), in its
capacity as alternative investment fund manager (within the meaning
of Directive 2011/61/EU, the “AIFM Directive”) of Volta Finance
Limited (the "Volta Finance") whose portfolio is managed by AXA
IM.
This press release is for information
only and does not constitute an invitation or inducement to acquire
shares in Volta Finance. Its circulation may be prohibited in
certain jurisdictions and no recipient may circulate copies of this
document in breach of such limitations or restrictions. This
document is not an offer for sale of the securities referred to
herein in the United States or to persons who are “U.S. persons”
for purposes of Regulation S under the U.S. Securities Act of 1933,
as amended (the “Securities Act”), or otherwise in circumstances
where such offer would be restricted by applicable law. Such
securities may not be sold in the United States absent registration
or an exemption from registration from the Securities Act. Volta
Finance does not intend to register any portion of the offer of
such securities in the United States or to conduct a public
offering of such securities in the United States.
*****
This communication is only being
distributed to and is only directed at (i) persons who are outside
the United Kingdom or (ii) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the “Order”) or (iii) high net
worth companies, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order
(all such persons together being referred to as “relevant
persons”). The securities referred to herein are only available to,
and any invitation, offer or agreement to subscribe, purchase or
otherwise acquire such securities will be engaged in only with,
relevant persons. Any person who is not a relevant person should
not act or rely on this document or any of its contents. Past
performance cannot be relied on as a guide to future
performance.
*****
All investments are subject to risk. The
figures provided that relate to past months or years and past
performance cannot be relied on as a guide to future performance or
construed as a reliable indicator as to future performance. Any
estimation of the value of an investment is not a reliable
information and can differ from the value at which such investment
can be traded or liquidated. The value of investments may
fluctuate.
The valuation of financial assets can
vary significantly from the prices that AXA IM could obtain if it
sought to liquidate the positions on behalf of Volta Finance due to
market conditions and general economic environment. Such valuations
do not constitute a fairness or similar opinion and should not be
regarded as such. AXA IM does not accept liability for actions
taken on the basis of the information provided.
Volta Finance intends to release regular
Early Estimated NAV updated around 8 calendar days after each month
end, while continuing to publish its monthly report later in the
course of each relevant month. There is however no guarantee that
Volta Finance will be able to provide every month with an Early
Estimated NAV. In certain markets conditions, the provision of an
Early Estimated NAV can be delayed or not happen at
all.
Editor: AXA INVESTMENT MANAGERS PARIS, a
company incorporated under the laws of France, having its
registered office located at Tour Majunga, 6, Place de la Pyramide
- 92800 Puteaux. AXA IMP is authorized by the Autorité des Marchés
Financiers under registration number GP92008 as an alternative
investment fund manager within the meaning of the AIFM
Directive.
*****
- Early NAV - November 2018 - Amended by BNPP 101218
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