Volta Finance Limited - May 2019 Early NAV
June 07 2019 - 11:35AM
Volta Finance Limited - May 2019 Early NAV
Volta Finance Limited (VTA / VTAS) – May
2019 Early NAV
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE
OR IN PART, IN OR INTO THE UNITED STATES
****** 07 June 2019
According to our early computations, the end of
May Early NAV* of Volta is at €8.13 per share.
Volta’s Early NAV* performance is +1.4% for May
2019.
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 13 June 2019.
* 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 06 June 2019 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 May 2019. The Early NAV is therefore not an accurate or
reliable reflection of the value of the assets of Volta as of the
end of May 2019 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 ManagerAXA
Investment Managers ParisSerge DemaySerge.demay@axa-im.com+33 (0) 1
44 45 84 47
Company Secretary and
AdministratorBNP 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 PackardSapna Shah+44 (0) 20 7397 8900
***** 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
MANAGERSAXA 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 €750 billion in assets
under management as of the end of March 2019. AXA IM employs
approximately 2,300 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.
*****
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