FCAP Finncap Group Plc

 

TIDMFCAP 
 
RNS Number : 2084C 
FRM Credit Alpha Limited 
09 November 2009 
 

 
 
FRM Credit Alpha Limited (the "Company") 
 
 
9 November 2009 
 
 
 
 
Since the final Net Asset Value for 30 September 2009 was calculated and 
determined by the Company's administrator, further information has been made 
available to the Company relating to the value of its investment in Harbinger 
Capital Partners Special Situations Offshore Fund ("HCPSS") as at 30 September 
2009. 
 
 
In accordance with the Company's Net Asset Value calculation policy, the 30 
September 2009 Net Asset Value was calculated using an estimated net asset value 
for HCPSS. HCPSS has now released its final 30 September 2009 net asset value, 
which is significantly higher than its estimate net asset value. The reason for 
this revision is due to Harbinger now expecting a greater recovery of its assets 
from the Lehman Brothers International (Europe) administration. 
 
 
The revision of the net asset value for HCPSS will cause an increase in the 
Company's Net Asset Value per share of 1.06%. This increase will be reflected in 
the Company's published 31 October 2009 Net Asset Value. 
 
 
Contacts: 
 
 
FRM 
Mark Shaw         020 7968 6141 
Greg Taylor    020 7968 6206 
 
 
Winterflood Securities 
Jane Lewis    020 3100 0295 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 STRUKSSRKARARAA 
 

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