Volta Finance Ld Volta Finance Limited : Early Estimated Net Asset Value As At 30 April 2018
May 09 2018 - 1:26PM
UK Regulatory
TIDMVTA
Volta Finance Limited (VTA) - April 2018 Early Estimated NAV
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, IN OR
INTO THE UNITED STATES
******
9 May 2018
According to our early computations, the end of April Early Estimated
NAV(*) of Volta is at EUR8.26 per share. Volta's Early Estimated NAV(*)
performance is +1.0% for April 2018.
The Early Estimated NAV(*) is published for information purposes only;
the official Estimated NAV will be disclosed in the Monthly Report of
Volta which will be published in the course of the month, on or around
18 May 2018.
(*) Please note that this Early Estimated NAV has been computed on the
basis of fair values for the portion of the portfolio for which end of
months prices were available or were able to be collected as of 09 May
2018 and on the basis of estimated prices for the rest of the portfolio.
Such estimated prices have been estimated based on market observations
as of the end of April 2018. The Early Estimated NAV is therefore not an
accurate or reliable reflection of the value of the assets of Volta as
of the end of April 2018 and can significantly differ (upwards or
downwards) from the published Estimated NAV that will be disclosed in
the next Monthly Report of Volta and that will be subject to the
limitations set forth therein.
This announcement contains information that is inside information for
the purposes of the Market Abuse Regulation (EU) No. 596/2014. Upon the
publication of this announcement via Regulatory Information Service this
inside information is now considered to be in the public domain.
******
CONTACTS
For the Investment Manager
AXA Investment Managers Paris
Serge Demay
Serge.demay@axa-im.com
+33 (0) 1 44 45 84 47
Company Secretary and Portfolio Administrator
Sanne Group (Guernsey) Limited
voltafinance@sannegroup.com
+44 (0) 1481 739810
Corporate Broker
Cenkos Securities plc
Andrew Worne
Oliver Packard
Sapna Shah
+44 (0) 20 7397 8900
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ABOUT VOLTA FINANCE LIMITED
Volta Finance Limited is incorporated in Guernsey under The Companies
(Guernsey) Law, 2008 (as amended) and listed on Euronext Amsterdam and
the London Stock Exchange's Main Market for listed securities. Volta's
home member state for the purposes of the EU Transparency Directive is
the Netherlands. As such, Volta is subject to regulation and supervision
by the AFM, being the regulator for financial markets in the
Netherlands.
Volta's investment objectives are to preserve capital across the credit
cycle and to provide a stable stream of income to its shareholders
through dividends. Volta seeks to attain its investment objectives
predominantly through diversified investments in structured finance
assets. The assets that the Company may invest in either directly or
indirectly include, but are not limited to: corporate credits; sovereign
and quasi-sovereign debt; residential mortgage loans; and, automobile
loans. The Company's approach to investment is through vehicles and
arrangements that essentially provide leveraged exposure to portfolios
of such underlying assets. The Company has appointed AXA Investment
Managers Paris (an investment management company with a division
specialised in structured credit) for the investment management of all
its assets.
*****
ABOUT AXA INVESTMENT MANAGERS
AXA Investment Managers (AXA IM) is a multi-expert asset management
company within the AXA Group, a global leader in financial protection
and wealth management. AXA IM is one of the largest European-based asset
managers with EUR717 billion in assets under management as of the end of
December 2016. AXA IM employs approximately 2,420 people around the
world.
*****
This press release is distributed and published by AXA Investment
Managers Paris ("AXA IM"), in its capacity as alternative investment
fund manager (within the meaning of Directive 2011/61/EU, the "AIFM
Directive") of Volta Finance Limited (the "Volta Finance") whose
portfolio is managed by AXA IM.
This press release is for information only and does not constitute an
invitation or inducement to acquire shares in Volta Finance. Its
circulation may be prohibited in certain jurisdictions and no recipient
may circulate copies of this document in breach of such limitations or
restrictions. This document is not an offer for sale of the securities
referred to herein in the United States or to persons who are "U.S.
persons" for purposes of Regulation S under the U.S. Securities Act of
1933, as amended (the "Securities Act"), or otherwise in circumstances
where such offer would be restricted by applicable law. Such securities
may not be sold in the United States absent registration or an exemption
from registration from the Securities Act. Volta Finance does not intend
to register any portion of the offer of such securities in the United
States or to conduct a public offering of such securities in the United
States.
*****
This communication is only being distributed to and is only directed at
(i) persons who are outside the United Kingdom or (ii) investment
professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii)
high net worth companies, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all
such persons together being referred to as "relevant persons"). The
securities referred to herein are only available to, and any invitation,
offer or agreement to subscribe, purchase or otherwise acquire such
securities will be engaged in only with, relevant persons. Any person
who is not a relevant person should not act or rely on this document or
any of its contents. Past performance cannot be relied on as a guide to
future performance.
*****
All investments are subject to risk. The figures provided that relate to
past months or years and past performance cannot be relied on as a guide
to future performance or construed as a reliable indicator as to future
performance. Any estimation of the value of an investment is not a
reliable information and can differ from the value at which such
investment can be traded or liquidated. The value of investments may
fluctuate.
The valuation of financial assets can vary significantly from the prices
that AXA IM could obtain if it sought to liquidate the positions on
behalf of Volta Finance due to market conditions and general economic
environment. Such valuations do not constitute a fairness or similar
opinion and should not be regarded as such. AXA IM does not accept
liability for actions taken on the basis of the information provided.
Volta Finance intends to release regular Early Estimated NAV updated
around 8 calendar days after each month end, while continuing to publish
its monthly report later in the course of each relevant month. There is
however no guarantee that Volta Finance will be able to provide every
month with an Early Estimated NAV. In certain markets conditions, the
provision of an Early Estimated NAV can be delayed or not happen at all.
Editor: AXA INVESTMENT MANAGERS PARIS, a company incorporated under the
laws of France, having its registered office located at Tour Majunga, 6,
Place de la Pyramide - 92800 Puteaux. AXA IMP is authorized by the
Autorité des Marchés Financiers under registration number
GP92008 as an alternative investment fund manager within the meaning of
the AIFM Directive.
*****
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Volta Finance Limited via Globenewswire
http://www.voltafinance.com
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May 09, 2018 13:26 ET (17:26 GMT)
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