TIDMUSPI 
 
GLOBAL SPECIAL OPPORTUNITIES TRUST PLC 
 
                  ESTIMATED NET ASSET VALUE CALCULATION AS AT 
 
                                 31 March 2010 
 
                                                    UK GAAP 
 
                                             GBP million               % 
 
Investments                                      15.79           97.00 
 
Cash                                              0.85            5.24 
 
                                                 16.64          102.24 
 
Other net current assets/(liabilities)           -0.03           -0.21 
 
Loan value USD revolving credit facility         -0.33           -2.03 
 
Net Assets      (including estimated             16.28          100.00 
                revenue reserves at 31 
                March 2010 of -GBP0.07m) 
 
                                                             Number of shares 
                                                             in issue 
 
Net Asset Value per               Capital            -         50,000,000 
share: 
 
                                   Income       63.51p         25,035,008 
 
                                      ZDP      182.61p            206,037 
 
                                                                      US$ 
 
USD exchange rate used to revalue all US assets and               1.51690 
liabilities 
 
In accordance with AIC guidelines the net asset value calculations include 
estimated current period revenue. 
 
The net asset value calculation includes the time value of unlisted warrants in 
respect of the portfolio valuation. The Company has adopted the Black Scholes 
methodology and will calculate the time value (in dollars) of unlisted warrants 
every month. The twice weekly NAV calculations will be calculated by valuing 
the intrinsic value of the warrants and adding the time value as at the most 
recent monthly valuation. 
 
 
 
Intrinsic value of unlisted warrants at 31 March 2010:              $408,355 
 
Sterling equivalent at exchange rate above:                           GBP0.27m 
 
Time value of unlisted warrants as at 31 March 2010:                $458,097 
 
(adjusted for warrants subsequently acquired, exercised or 
disposed) 
 
Sterling equivalent at exchange rate above:                           GBP0.30m 
 
 
 
END
Us Special Opps Trust (LSE:USPI)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Us Special Opps Trust Charts.
Us Special Opps Trust (LSE:USPI)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Us Special Opps Trust Charts.