SWEF : Net Asset Value

Dow Jones received a payment from EQS/DGAP to publish this press release.

 
 
 Starwood European Real Estate Finance Ltd (SWEF) 
SWEF : Net Asset Value 
 
20-Nov-2017 / 14:54 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
20 November 2017 
 
      Starwood European Real Estate Finance Limited 
 
      (the "Company") (Ticker: "SWEF") 
 
      Net Asset Value, 31 October 2017 
 
This announcement contains price sensitive information. 
 
As at the close of business on 31 October 2017, the unaudited cum-dividend 
net asset value of the Company's Ordinary Shares was 102.85p. Further to an 
announcement released on 19th October 2017, the unaudited ex-dividend net 
asset value of the Company's Ordinary Shares was 101.23p. 
 
Loans advanced                                            360.4m 
Financial assets/(liabilities) at fair value through      (5.6m) 
profit or loss 
Cash and cash equivalents                                  31.3m 
Borrowing facilities                                           - 
Other net assets/(liabilities)                            (6.5m) 
Net assets                                                379.6m 
 
Capital amounts drawn as at 31 October 2017 and amounts committed but 
undrawn as at 31 October 2017 is shown below. 
 
                                 Local Currency Sterling* 
Amounts drawn GBPm                        GBP216.6m   GBP216.6m 
Amounts drawn EURm                    EUR161.8m   GBP142.4m 
 
                                                  GBP359.0m 
Committed but undrawn Loans GBPm            GBP3.1m     GBP3.1m 
Committed but undrawn Loans EURm              -         - 
 
                                                    GBP3.1m 
 
  * Euro amounts drawn and commitments converted at the month end spot rate. 
 The differenc between amounts drawn in the table above and "Loans advanced" 
            in the first table is accrue income. 
 
  Of the change in Net Asset Value in October, approximately GBP1.4 million is 
 due to unrealised FX gains. The Group recognised a large unrealised loss in 
  September which has largely reversed this month. The Group also benefitted 
  from the recognition of additional income due to loans recently repaid and 
            some additional income from loan amendments. 
 
Enquiries: 
 
Ipes (Guernsey) Limited as Company Secretary 
 
Jon Jehan 
 
T: +44 1481 735814 
 
E: Jon.Jehan@ipes.com 
 
ISIN:          GG00B79WC100 
Category Code: NAV 
TIDM:          SWEF 
LEI Code:      5493004YMVUQ9Z7JGZ50 
Sequence No.:  4893 
 
End of Announcement EQS News Service 
 
631011 20-Nov-2017

(END) Dow Jones Newswires

November 20, 2017 09:56 ET (14:56 GMT)

Starwood European Real E... (LSE:SWEF)
Historical Stock Chart
From Apr 2024 to May 2024