Kubera Cross-Border Fund Limited NAV and Quarterly Newsletter (3066V)

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RNS Number : 3066V

Kubera Cross-Border Fund Limited

01 November 2017

Kubera Cross-Border Fund Limited

NAV and Quarterly Newsletter

Kubera Cross-Border Fund Limited (the "Fund") (LSE/AIM: KUBC) announces that as at close of business on 30 September 2017, its un-audited net asset value per share ("NAV") was US$ 0.38. Shareholder distributions to date taken together with the NAV total US$ 0.71.

The Fund has issued a newsletter detailing the activities of the Fund and its portfolio companies for the quarter ended 30 September 2017.

Electronic copies of the report will be emailed shortly to shareholders. Copies of the report will be available to download from the Fund's website, www.kuberacrossborderfund.com.

Valuation Methodology

All investments are recorded at estimated fair value, in accordance with US GAAP ASC 820 that defines and establishes a framework for measuring fair value. The methodology underlying the Fund's investment valuations is consistent with previous periods.

About Kubera Cross-Border Fund Limited

Kubera Cross-Border Fund Limited is a closed-end investment company incorporated in the Cayman Islands and traded on the AIM market of the London Stock Exchange. The Fund makes private equity investments in cross-border companies, primarily in businesses that operate in the US-India corridor. For further information on the Fund, please visit www.kuberacrossborderfund.com

For more information contact:

Grant Thornton UK LLP (Nominated Adviser)

Philip Secrett/ Jamie Barklem/ Carolyn Sansom

Tel.: [phone]

Email: [e-mail]

Numis Securities Limited (Broker)

David Benda, Managing Director

Tel.: [phone]

Email: [e-mail]

FIM Capital Limited (Administrator, Registrar & Secretary)

Philip Scales, Director

Tel.: [phone]

Email: [e-mail]

Disclaimer:

This announcement may contain certain forward-looking statements with respect to the financial condition, results of operations and business of the Fund and its portfolio companies. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Fund or its portfolio companies' actual performance to be materially different from any future performance expressed or implied by such forward-looking statements. Such forward-looking statements are based on assumptions regarding the Fund and its portfolio companies present and future business strategies and the political and economic environment in which they operate. Reliance should not be placed on these forward-looking statements.

In addition, due to the inherent uncertainties associated with the determination of the valuation of any private equity investment, the amount realised on disposal of a portfolio company may differ materially from the amount estimated in determining its fair value under US GAAP. The impact of such determination cannot be quantified.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 01, 2017 11:53 ET (15:53 GMT)