Global Fixed Income Realisation Ltd Final Net Asset Values - Replacement (2104X)

TIDMGFIR

RNS Number : 2104X

Global Fixed Income Realisation Ltd

17 February 2017

The following replaces in its entirety the "Notice of Net Asset Value" announcement released on 16 February 2017 at 16.33, RNS number: 1228X.

STOCK EXCHANGE ANNOUNCEMENT

GLOBAL FIXED INCOME REALISATION LIMITED

(a closed-ended investment company incorporated in Guernsey with registration number 45717)

(the "Company")

Final Net Asset Values

Date: 17 February 2017

As at the close of business on December 2016, the final Net Asset Values per share is as follows:

Table 1 - GFIR NAV

 
                Fund Name                   N.A.V. per Share        Quarterly Performance 
-------------------------------------  ----------------------  -------------------------- 
     Global Fixed Income Realisation 
                  Limited                       GBP0.4102                   8.39% 
-------------------------------------  ----------------------  -------------------------- 
 

In addition, to provide shareholders with an indication of the reserves applied to the portfolio, the Company now also publishes a "Manager NAV" which excludes reserves as described in the Notes.

Table 2 - Manager NAV

 
                Fund Name                   N.A.V. per Share        Quarterly Performance 
-------------------------------------  ----------------------  -------------------------- 
     Global Fixed Income Realisation 
                  Limited                       GBP0.6594                   5.14% 
-------------------------------------  ----------------------  -------------------------- 
 

The total cash held by the Company as at the date of this announcement is GBP 1,778,467.15 which equates to GBP0.0469 per share.

Enquiries

Numis Securities Limited

Nathan Brown, Corporate Broking

DDI: [phone]

Email: [e-mail]

Praxis Fund Services Limited

Ben Le Prevost

DDI: [phone]

Email: [e-mail]

Notes:

The valuations, which have been prepared in good faith by the Company, are based principally on formal valuations supplied to the Company by the administrators of the Company's underlying investments. In the case of certain of the Company's investments, estimated valuations prepared by the administrators of the underlying funds have been utilised. Together with the formal valuations, the Company calculates the "Manager NAV" in the table above.

Furthermore, the board has agreed to take reserves against certain of the valuations of the Company's underlying investments (as previously disclosed). Such reserves are unaudited and may result in valuations which do not comply with generally accepted accounting or valuation principles. By applying these reserves to the "Manager NAV" the Company arrives at a figure for the "GFIR NAV".

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 17, 2017 07:46 ET (12:46 GMT)