Global Fixed Income Realisation Ltd Final Net Asset Values (6217W)

TIDMGFIR

RNS Number : 6217W

Global Fixed Income Realisation Ltd

15 November 2017

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: 15 November 2017

As at the close of business on 30 September 2017, the final Net Asset Values per share was as follows:

Table 1 - GFIR NAV

 
                Fund Name                   N.A.V. per Share        Quarterly Performance 
-------------------------------------  ----------------------  -------------------------- 
     Global Fixed Income Realisation 
                  Limited                       GBP0.3882                   1.60% 
-------------------------------------  ----------------------  -------------------------- 
 

Following the Company's purchase and cancellation of shares under the tender offer made on 4 October 2017, the Company estimates that the NAV per share was materially unchanged.

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                       GBP0.5583                  -9.78% 
-------------------------------------  ----------------------  -------------------------- 
 

The total cash held by the Company as at the date of this announcement is GBP 923,456.71 which equates to GBP0.0256 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 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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November 15, 2017 10:43 ET (15:43 GMT)