Prospect Japan Fund Link Up Loan Investment

 
TIDMPJF 
 
For immediate release on 30 December 2015 
 
 
                        The Prospect Japan Fund Limited 
 
                            Link Up Loan Investment 
 
Prospect Japan Fund Limited (the 'Company') reported in its most recent Monthly 
Review, published on 9 December 2015, that the Link Up Loan was in default and 
that the Company had commenced legal action to enforce its rights to the 
collateral which comprised shares in Tri-Stage Inc. (2178).  The Company is 
pleased to announce that it has now received the collateral shares in Tri-Stage 
in lieu of the repayment of the Link Up Loan. 
 
In the Company's most recently published net asset value on 24 December 2015, 
the Link up Loan, including accrued interest and late charges, was valued at 
Yen 1,175.5m (approximately $9.8m) and comprised approximately 8.2% of total 
assets. 
 
The Tri-Stage shares will now replace the Link up Loan position and based on 
the market value of the shares as at 30 December 2015 represents a net uplift 
to the NAV of the Company of approximately 2.9%. 
 
Enquiries: 
 
Northern Trust International Fund Administration Services (Guernsey) Limited 
Franczeska King 
+44 (0) 1481 745918 
 
Westhouse Securities Limited 
Alastair Moreton 
Rose Ramsden 
+44 (0) 20 7601 6118 
 
 
 
END

(END) Dow Jones Newswires

December 30, 2015 08:07 ET (13:07 GMT)

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