Dexion Absolute Ltd Estimated NAV 29.02.2016

 
TIDMDAB TIDMDABE TIDMDABU 
 
Dexion Absolute Limited (the "Company") 
 
Estimated Net Asset Values 
 
Ordinary Shares 
 
As at the close of business on 29 February 2016, the estimated net asset value 
of the Company's ordinary shares is as follows:- 
 
Ordinary    NAV per Share   Performance       MTD           YTD 
Share Class                  since 19    Performance*   Performance 
                             February 
 
GBP Shares     182.51 pence     +0.48%        -1.59%        -3.66% 
 
* based on Final NAV for 29 January 2016 reported on 29 February 2016. 
 
2011 Redeemed Shares 
 
The estimated net asset value of the Company's 2011 Redemption Portfolio was 
$0.46 million as of 29 February 2016. This was attributed to the Redeemed Share 
class as follows:- 
 
Share Class                         NAV per Redeemed Share 
 
EUR Shares                                US$ 0.0083 
 
All of the Redeemed Shares have been cancelled. Accordingly, the "NAV per 
Redeemed Share" represents the amount then owed by the Company in respect of 
such Redeemed Shares at the relevant date. 
 
2012 Redeemed Shares 
 
The estimated net asset value of the Company's 2012 Redemption Portfolio was 
$1.61 million as of 29 February 2016. Shares redeemed pursuant to the 2012 
Redemption Offer have a single USD net asset value based upon exchange rates at 
the relevant date. This was attributed between Redeemed Share classes as 
follows:- 
 
Share Class                          NAV per Redeemed Share* 
 
EUR Shares                                  US$ 0.0123 
 
USD Shares                                  US$ 0.0136 
 
All of the Redeemed Shares have been cancelled. Accordingly, the "NAV per 
Redeemed Share" represents the amount then owed by the Company in respect of 
such Redeemed Shares at the relevant date. 
 
2013 Redeemed Shares 
 
The estimated net asset value of the Company's 2013 Redemption Portfolio was 
$1.99 million as of 29 February 2016. Shares redeemed pursuant to the 2013 
Redemption Offer have a single USD net asset value based upon exchange rates at 
the relevant date. This was attributed between Redeemed Share classes as 
follows:- 
 
Share Class                           NAV per Redeemed Share 
 
GBP Shares                                  US$ 0.0150 
 
EUR Shares                                  US$ 0.0184 
 
USD Shares                                  US$ 0.0212 
 
All of the Redeemed Shares have been cancelled. Accordingly, the "NAV per 
Redeemed Share" represents the amount then owed by the Company in respect of 
such Redeemed Shares at the relevant date. 
 
2015 Redeemed Shares 
 
The net asset value of the Company's 2015 Redemption Portfolio was $3.12 
million as of 29 February 2016. Shares redeemed pursuant to the 2015 Redemption 
Offer have a single USD net asset value based upon exchange rates at the 
relevant date. This was attributed between Redeemed Share classes as follows:- 
 
Share Class                          NAV per Redeemed Share* 
 
GBP Shares                                   $0.1631 
 
EUR Shares                                   $0.1668 
 
USD Shares                                   $0.2278 
 
* As adjusted for the payment for 2015 Redeemed GBP Shares of US$ 2.707626 per 
Redeemed GBP Share, Redeemed EUR Shares of US$ 2.768853 per Redeemed EUR Share 
and Redeemed USD Shares of US$ 3.781738 per Redeemed USD Share on 29 February 
2016. 
 
All of the Redeemed Shares have been cancelled. Accordingly, the "NAV per 
Redeemed Share" represents the amount then owed by the Company in respect of 
such Redeemed Shares at the relevant date. 
 
These valuations, which have been prepared in good faith by the Company's 
administrator, are for information purposes only and are based on the unaudited 
estimated valuations supplied to the Company's investment adviser by the 
administrators or managers of the Company's underlying investments and such 
valuations may not be considered independent or may be subject to potential 
conflicts of interest. Both weekly manager estimates and monthly valuations may 
be produced as at valuation dates which do not co-incide with valuation dates 
for the Company, may be based on valuations provided as of a significantly 
earlier date, may differ materially from the actual value of the Company's 
portfolio and are unaudited or may be subject to little verification or other 
due diligence and may not comply with generally accepted accounting practices 
or other generally accepted valuation principles. The Company's investment 
adviser, investment manager and administrator may not have sufficient 
information to confirm or review the completeness or accuracy of information 
provided by those managers or administrators of the Company's investments. In 
addition, those entities may not provide estimates of the value of the 
underlying funds in which the Company invests on a regular or timely basis or 
at all with the result that the values of such investments may be estimated by 
the investment adviser. Since 1 April 2013 the Company has been transitioning 
to becoming a feeder fund of Aurora Offshore Fund Ltd II ("AOFL II"). AOFL II's 
investment manager is also the investment adviser to the Company and so 
valuations of the Company's investment in AOFL II may be subject to potential 
conflicts of interest. As at 1 March 2016 approximately 105.42% of the 
Continuing Portfolio (by NAV) was invested in AOFL II. The value of designated 
investments as at 1 March 2016 equates to approximately 1.08% of the Continuing 
Portfolio NAV. Certain other risk factors which may be relevant to these 
valuations are set out in the Company's prospectus dated 17 October 2007 and 
the Company's circulars dated 15 April 2011, 5 April 2012, 22 February 2013, 27 
May 2013 and 26 August 2015. 
 
 
 
END 
 

(END) Dow Jones Newswires

March 04, 2016 10:45 ET (15:45 GMT)