TIDMTLI

RNS Number : 0127F

Alternative Asset Opps PCC Ltd

08 June 2012

Alternative Asset Opportunities PCC Limited (the "Company")

8 June 2012

Portfolio Update

The Board of Alternative Asset Opportunities PCC Limited (the "Company") wishes to announce that the net asset value of the US Traded Life Interests Fund as at 31(st) May 2012 was 70.9 pence per share. This represents an increase of 2.7 pence per share from the NAV at 30(th) April 2012.

It is estimated that exchange rate movements made a positive contribution of 3.7 pence per share. The Company had total borrowings of US$29,210,000 as at 31(st) May 2012.

It is Company policy not to account for policy maturities until they are formally confirmed and recognised. Accordingly, the above net asset value does not take account of the two policy maturities, with a combined face value of US$6.5 million, already announced on 1(st) June 2012 and estimated to have a positive impact on the NAV of approximately 5 pence per share. In addition, the Board has been advised of two further policy maturities, on one life, with a combined face value of US$7.5 million. Once these latest maturities are formally confirmed and recognised, it is estimated that they will have a positive impact on the NAV of a further 7.5 pence per share.

Enquiries:

 
 Peter Ingram         Tel: 020 7065 1467 
  Company Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

END

PFUBDGDLUBGBGDI

Alternative Asset Opps Pcc (LSE:TLI)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Alternative Asset Opps Pcc Charts.
Alternative Asset Opps Pcc (LSE:TLI)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Alternative Asset Opps Pcc Charts.